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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Takeover Rules Module (TKO) [VER7/02-16]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • TKO 4.4 Obligations of directors selling shares

    • TKO 4.4.1

      When a DirectorG of a Reporting EntityG sells SharesG owned or controlled by him in that Reporting EntityG to an identifiable purchaser as a result of which the purchaser is required to make a BidG under the RulesG in this Chapter, such DirectorG must stipulate as a condition of the sale that the purchaser undertakes to fulfil his obligations under the RulesG .

      Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]

    • TKO 4.4.2

      In addition, such DirectorG must not resign from the Governing BodyG until the first closing date of the BidG or the date upon which the BidG becomes or is declared unconditional, whichever is the later.

      Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]