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  • Liquidity Enhancement Practice

    • MIR-4.19.2

      Issuers, whose securities are already listed on a licensed exchange or licensed market operator and where the securities based on the criteria established by the licensed exchange or licensed market operator are eligible for market making, may enter into a market making agreement with a market maker with an objective to enhance liquidity for a specific period of time thereby encouraging regular trading activity and avoiding price fluctuations which are not in line with the market trend.

      Added: January 2019

    • MIR-4.19.3

      The market making agreement referred to in Paragraph MIR-4.19.2 must define the conditions in which the market maker will trade on behalf of the issuer by buying and selling the issuer's securities with the sole purpose of enhancing liquidity and regularity of trading in the securities.

      Added: January 2019

    • MIR-4.19.4

      An issuer concurrently must not enter into market making agreement with more than one market maker for a listed security.

      Added: January 2019