Wed   19 Sep 2018   Search
BHB issues Consultation Paper on “Listing Rules”
02 : 24 PM - 12/05/2018
Manama, May 12 (BNA): Bahrain Bourse (BHB) has announced the issuance of a consultation paper on the Listing Rules draft.

The paper was disclosed on Bahrain Bourse’s website and distributed among concerned parties at the Central Bank of Bahrain and BHB’s stakeholders to receive their views and comments prior to the implementation of the new Listing Rules.

The Chief Executive of Bahrain Bourse Shaikh Khalifa bin Ebrahim Al Khalifa said,“Bahrain Bourse’s Listing Rules have been introduced as part of BHB’s efforts to implement a Self-Regulatory Organisation (SRO) model, and goes in line with the implementation of its strategy that aims at developing BHB’s operations to support the development of the Capital Market sector in the Kingdom of Bahrain.”


“The Listing Rules draft was issued following the Central Bank of Bahrain Resolution No. (11) for the year 2018 for the implementation of the Self-Regulatory Organization (SRO) model of the Exchanges licensed by the Central Bank of Bahrain in relevance to listing securities and financial instruments post its initial public offering, authorising licensed exchanges to become “main point of contact” for all listing applications,” Shaikh Khalifa added.


The Listing Rules reflect on the implementation of the SRO model by Bahrain Bourse that is intended to facilitate and simplify the listing process of securities and financial instruments as well as reduce the time frame post submission of the listing applications by issuers, taking into consideration protecting investors’ rights, Disclosure Standards, and addressing systemic risk,” Shaikh Khalifa clarified.


“The new Listing Rules willalso enhance Bahrain Bourse’s legal and regulatory and supervisory framework to support its role as a self-regulatory organisation (SRO) and benefit all relevant parties, especially investors and issuers,” Shaikh Khalifa said.


For those interested in submitting their comments on the consultation paper can email us at LD@bahrainbourse.com


WHQ


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