CmaBylaw
Executive Bylaws
8-13 Of Module Two: Capital Markets Authority
Section: Chapter Eight: Authority’s Financial Affairs
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Sunday, 05 February 2017
The Authority may use the cash reserves in order to: 1. Pay and cover the operational capital of the Authority stipulated in Article (21) of the Law. 2. Cover any deficiency of the capital. 3. Pay and cover any necessary liabilities in the occurrence of any risks that may lead to a cessation of business continuity and due operations of the market, an Exchange or a Clearing Agency in accordance with the regulations and conditions prescribed by the Board when taking its decision to pay and cover those liabilities.
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