Tuesday 16 September 2014

UAE regulator aims to stem flow of overseas debt sales | The National

UAE regulator aims to stem flow of overseas debt sales | The National:



"The federal stock market regulator has introduced a series of reforms to its bond and sukuk regulations in a bid to halt the flow of big debt sales overseas



The Securities and Commodities Authority made the changes after a wide-ranging consultation.



“In our review we found out the rules we had in place were only for listing and trading, not for issuing,” said Munther Barakat, senior adviser at SCA at a workshop held for the legal financial community at Abu Dhabi’s St Regis hotel."



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