UAE regulator issues rules to protect minority shareholders

April 19, 2015 9:47 AM

52 0

DUBAI, April 19 (Reuters) - The United Arab Emirates Securities and Commodities Authority has issued new rules to protect minority shareholders, including regulations covering halts to trading in companies' shares, it said on Sunday.

The changes include a provision saying no company has the right to halt trading in its shares before or during an annual general meeting or during a transaction, though the regulator can call a halt for several reasons, including a threat to the proper functioning of the market.

Also read: Private equity firm Northstar to buy Singapore-listed Innovalues for $239 mln

Read more

To category page