On 22 April 2020, UAE DFSA issued market brief for SMEs on new DFSA listing regime.
- Market brief is not intended to be guidance as contemplated by Regulatory Law 2004.
- Discussed audited accounts covering minimum period of one year instead of 3 years.
- 12-month lock-in period on pre-listing shareholders of SME; website disclosures with information for investors; and prohibition on share repurchases for a 24 month period.
- As well as compliance advisor rules and changes to application, filing and ongoing fees.
