Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Markets Rules (MKT) [VER15/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(2 versions)
 
Jul 5 2012 - Aug 20 2014Aug 21 2014 onwards

MKT 9.7.4

View whole sectionWhole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) A Listed EntityG must not purchase its own SharesG without the prior written approval of the DFSAG .
(2) The DFSAG may make its approval of a proposal by a Listed EntityG to purchase its own SharesG subject to conditions or restrictions.
(3) A Listed EntityG which proposes to purchase more than 15% of any class of its SharesG must do so only by way of a tender offer to all shareholders of that class.
(4) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSAG under (1) not to approve a purchase of SharesG and under (2) to approve a proposal subject to conditions or restrictions.
(5) If the DFSAG decides to exercise its power under (1) not to approve a purchase of SharesG or under (2) to make its approval subject to conditions or restrictions, the Listed EntityG may refer the matter to the FMTG for review.
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
[Amended] DFSA RM134/2014 (Made 21st August 2014). [VER5/06-14]