Middle East & Africa Reg Desk

Thursday, 2026-09-24 · covering the last 24h

Gulf

Saudi CMA consults on tighter IPO book-building and underwriting rules. The CMA opened a 30-day public consultation, closing 22 October 2026, on draft amendments to the Rules on the Offer of Securities and Continuing Obligations that would tie book-building orders to investors' demonstrated liquidity, require underwriting agreements to take effect before book-building starts (with underwriters on the hook for unsold shares), and mandate disclosure of forward-looking financial forecasts in offer documents. CMA consultation notice

No other new items from UAE's SCA/DFSA/FSRA/DFM/ADX, Qatar's QFMA/QSE, Kuwait's CMA/Boursa Kuwait or Oman/Bahrain, and no new circulars from SAMA, CBUAE, QCB or CBK in the window.

Israel

No material ISA, TASE or Bank of Israel rule items in the window.

Africa

Nigeria SEC sets deadline for IFRS sustainability-disclosure implementation plans. A circular issued under the Investments and Securities Act 2025 requires public companies and significant public-interest capital-market operators to submit, by 15 October 2026, an implementation plan for adopting IFRS S1/S2 — covering governance oversight, a gap assessment, a timeline and reporting-systems and assurance plans — ahead of mandatory sustainability reporting from 1 January 2028. Nairametrics report on the SEC circular

No material items from South Africa's FSCA/JSE/SARB, Egypt's FRA/EGX/CBE, Kenya's CMA/NSE/CBK or Morocco's AMMC/Bank Al-Maghrib in the window.

Informational only — summaries of public regulatory and central bank sources; not advice.