Home / Banking / National Bank Approves Rules for Prospectus of Company Shares and Bonds
NBG

National Bank Approves Rules for Prospectus of Company Shares and Bonds

National Bank of Georgia (NBG) continues reforming the capital market with the aim to develop the securities market. On October 12, 2018 as part of the supervisory framework development process, the NBG approved the rule for prospectus of company shares and bonds.

Objective of this rule is to upgrade transparency and reliability on the securities market, protect the interest of the existing and potential investors and ensure maximally informed decision-making process.

Companies have to prepare the prospectus to offer their shares and bonds to a wide range of investors, the so-called IPO. This prospectus must be approved by the NBG. After approval the companies must make the document public and attainable. The prospectus describes key direction of the company operation, future plans, information on previous and current financial condition, characteristics of offered shares and/or bonds.