FAQs for Implementing Regulations

The content of this page shall not prejudice the provisions of the Capital Market Law, the Companies Law, their Implementing Regulations or other relevant laws. The content of this page shall not be considered an alternative to the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations. In the event of any conflict between the content of this page and the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations, those Laws and Regulations shall prevail. And as the Implementing Regulations issued by the CMA are subject to constant update, reliance shall be always on the Regulations published on CMA's website.

 

    Category
    How long does it take the Authority to review the prospectus or shareholders' Circular (as applicable) in the Parallel Market-Nomu?
    Is the issuer's financial advisor allowed to present information on the issuer and its financial statements to a group of Qualified Investors before obtaining the Authority's approval on the prospectus or shareholders' circular (as applicable)?
    Are there differences in the registration and admission to listing requirements between the Main Market and the Parallel Market-Nomu?
    Are there continuous obligations on companies listed in the Parallel Market-Nomu?
    What is the time period during which the issuer must announce the interim and annual financial statements?
    What is the lock-up period in the Parallel Market-Nomu for any person specified in the prospectus as owning shares in the issuer?
    Is it required to obtain the Authority's approval at the end of the lock-up period for those who are specified in the prospectus as owing shares issued by the issuer?
    Is it required for companies listed in the Parallel Market-Nomu to comply with Corporate Governance Regulations?
    Are the companies listed in the Parallel Market-Nomu required to publish the annual Board of Directors report?
    Do the instructions and procedures related to listed companies with accumulated losses amounting to %20 or more of its capital apply to the Parallel Market-Nomu listed companies?
    Is it required for companies seeking to be listed in the Parallel Market-Nomu to comply with the instructions of Book Building process and allocation method in Initial Public Offerings (IPOs)?
    Do Merger and Acquisition Regulations apply to companies listed in the Parallel Market-Nomu?
    What is the daily fluctuation limit for the share prices of companies listed in the Parallel Market-Nomu?
    Should the offer be fully covered for those companies seeking to be listed in the Parallel Market-Nomu?
    Is there a specific allocation method for the shares of the issuer among the Qualified Investors in the Parallel Market-Nomu?
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