Entire Section

  • PRS 4.3 PRS 4.3 Post Price Stabilisation Disclosure

    • PRS 4.3.1 PRS 4.3.1

      If a Stabilisation Manager has conducted Price Stabilisation during the Stabilisation Window, then he must, within 2 business days following a Price Stabilisation transaction, disclose to the DFSA the following details:

      (a) the total number of Eligible Securities transacted by the Stabilisation Manager and any Stabilisation Agents;
      (b) the average price of Eligible Securities transacted during the Price Stabilisation;
      (c) whether a Price Stabilisation transaction was undertaken otherwise than through the central order book of the relevant Authorised Market Institution;
      (d) if the Stabilisation Manager has an outstanding short position, the number of Eligible Securities in that short position; and
      (e) any additional information which the DFSA requires the Stabilisation Manager to disclose.
      [Added] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]

      • PRS 4.3.1 Guidance

        PRS Rule 4.3.1 requires a Stabilisation Manager to disclose to the DFSA details of each Price Stabilisation transaction conducted during the Stabilisation Window. The purpose of this Rule is to provide the DFSA with an understanding of the level of price support afforded to the Eligible Securities during the Stabilisation Window and the manner in which Price Stabilisation occurred.

        [Added] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]

    • PRS 4.3.2 PRS 4.3.2

      If a Stabilisation Manager has conducted Price Stabilisation during the Stabilisation Window, then he must within 2 business days following the end of the Stabilisation Window disclose to the market the following details:

      (a) the total number of Eligible Securities bought by the Stabilisation Manager and any Stabilisation Agents during the Stabilisation Window and the date of the first and last stabilisation transactions;
      (b) the average price of Eligible Securities bought on market during the Stabilisation Window;
      (c) whether a Price Stabilisation transaction was undertaken otherwise than through the central order book of the relevant Authorised Market Institution;
      (d) if the Stabilisation Manager has an outstanding short position, the number of Eligible Securities in that short position; and
      (e) any additional information which the DFSA requires the Stabilisation Manager to disclose.
      Derived from DFSA RM21/2005 (Made 1st August 2005). [VER1/08-05]
      [Amended] DFSA RM42/2007 (Made 15th February 2007). [VER2/02-07]
      [Amended] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]

      • PRS 4.3.2 Guidance

        PRS Rule 4.3.2 requires a Stabilisation Manager to disclose to the market details of the Price Stabilisation support conducted during the Stabilisation Window. The purpose of this Rule is to provide the market with an understanding of the level of price support afforded to the Eligible Securities during the Stabilisation Window.


        Derived from DFSA RM21/2005 (Made 1st August 2005). [VER1/08-05]
        [Amended] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]