The FCA said it contacted the fund's manager Link Fund Solutions in February and March 2018 regarding breaches of the 10 per cent limit on unlisted securities
As part of its market development plans, the company has also launched several initiatives, including a new rulebook, which helped the company specify new three-tiered market segments, In addition, the company has introduced the Over-the-Counter (OTC) trading platform to enable investors to trade unlisted securities
with greater transparency.
The News Agency of Nigeria (NAN) reported that NASD PLC is the promoter of the OTC trading platform that eases secondary market trading of all unlisted securities
in the country.
This is a major innovation for the custody and account-keeping of unlisted securities
. It also provides BNP Paribas Securities Services with the opportunity to test a solution that could be applied to listed securities markets.
The Income tax law has recently been amended to provide that the unlisted securities
and a unit of mutual fund (other than an equity-oriented mutual fund) shall be a short-term capital asset, if it is held for not more than 36 months (which was 12 months in the erstwhile provisions).
Asset values also improved sharply for both listed and unlisted securities
, as well as for real estate.
Among other restrictions, the central bank set new limits for investment in individual companies and unlisted securities
, and introduced a 15 percent ceiling for total securities investment outside Qatar.
Upon suspension of trading of the common stock on The NASDAQ Global Select Market, shares of common stock held in street name with brokers may be traded in the over-the-counter market on an electronic bulletin board established for unlisted securities
such as the OTCBB or the OTC.
In addition, to help general meetings of shareholders to properly function, the "shadow voting" system will be abolished in 2015, and regulations on the granting of a Power of Attorney will be amended; and Fifth, to strengthen regulations on unfair trading practices, price manipulation using unlisted securities
or OTC derivatives will be punished with criminal charges if underlying assets of such products are listed securities while acts of market abuse such as scalping will be subject to administrative sanctions.
AIM has seen 3,000 companies list on it in the 15 years since it was created to replace the Unlisted Securities
1988: Floated on now defunct unlisted securities