Tuesday 8 July 2014

Market regulator to monitor comments of CEOs of listed companies | The National

Market regulator to monitor comments of CEOs of listed companies | The National:



"The UAE stock market regulator will actively monitor the comments of chief executives to ensure they are transparent and truthful following the Arabtec-led market meltdown last month.



The Securities and Commodities Authority (SCA) has launched a permanent committee to review remarks by CEOs and analysts and their material impact on the stock price.



The SCA said yesterday that a technical panel that included the Abu Dhabi Securities Exchange, Dubai Financial Market and Central Bank had been formed."



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