Exclusion from the scope of the Capital Markets Law (January 2014 - remains relevant)
The Capital Markets Board ("CMB") issued the communiqué on Principles
Regarding Excluding Companies from the Scope of the Capital Markets Law
and Trading of Shares on the Stock Exchange (the “Communiqué”) on
30 December 2013 and repealed the previous communiqué. With the
Communiqué, the secondary legislation is aligned with the provisions
introduced by the Capital Markets Law (the "Law") and the provisions regulated
under the repealed communiqués are simplified.