CmaBylaw
Executive Bylaws
1-21 Of Module Five: Securities Activities and Registered Persons
Section: Chapter One: Securities Activities
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Sunday, 05 February 2017
A Licensed Person is prohibited from the date of commencement of a settlement against bankruptcy case until the end of the same without the prior approval of the Authority from: 1. Accepting money or assets from new Clients. 2. Acting in respect of Clients’ money or assets unless upon written instructions from the Client. 3. Concluding any settlement, mortgage or executing any transfer of property not required in the ordinary course of business. This provision is not applicable to Units Subject to the Supervision of the Central Bank.
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