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The Capital Markets (Amendment) Act, 2025 (No. 26 of 2025) (the Amendment), which amends the Capital Markets Act (Cap. 485A) (the Capital Markets Act), received Presidential assent on 21 November 2025 and came into force on 11 December 2025.
12 March 26
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The Amendment introduces several practical implications for the legislative architecture governing shareholding limits for market intermediaries.
In summary, the Amendment (1) inserts a new subsection 29(3A) in the Capital Markets Act, which delegates to the Cabinet Secretary the power to prescribe shareholding limits through regulations, and (2) deletes subsections 29(4) through 29(7) of the Capital Markets Act, which previously contained the shareholding limit provisions.
For players in the capital markets space, particularly market intermediaries, the Amendment raises immediate questions about their existing shareholding structures and their compliance obligations going forward.
In this legal alert, we explain what has changed, the practical implications, and the steps to consider.
Click here to download and read the full alert.
Should you have any questions regarding the information in this legal alert, please do not hesitate to contact Dominic Rebelo or Kevin Mutulis.