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    • Organizational Structure
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    • National Project
    • Events
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    • External Audit Offices
    • List Of Registered Auditors
    • Local and Gulf Unlicensed Entities
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    • Facilitating the opening of investment accounts Initiative
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    • Media Appearances
    • Press Releases
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    • Digital Financial Advisory
    • Initial Implementation Phase
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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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1-11 Of Module Two: Capital Markets Authority
Section: Chapter One:The Authority, its Objectives, Competences and Functions
  • Sunday, 05 February 2017

    The Authority shall carry out all the work necessary to achieve its objectives, and in particular the following: 1. File civil, commercial and administrative lawsuits related to the application of the provisions of Law, regulations, instructions and rules issued by virtue of the Law, or others relevant to the Authority 2. Receive complaints on Violations and crimes, and perform administrative investigation of them and refer them to the Disciplinary Board if so it deems. 3. Carry out all the procedures that may lead to uncovering crimes and refer criminal complaints to public prosecution in case of any incident which is suspected to be an offense under the purview of the Authority or in respect of those who are engaged in Securities Activities. 4. Conduct inspections and supervise Dealing in Securities and the activities of the Licensed Persons. 5. Purchase, acquire and dispose of any kind of property, and initiate all forms of legal action. 6. Print and publish materials related to Securities Activities. 7. Impose fees corresponding to the services provided, and collect fines within the framework of the Authority’s Law. The Authority shall perform all the necessary procedures which enable it to perform its duties and achieve its objectives as set out in the Law. 8. Set up rules to regulate Dealing in Securities and the transfer of ownership. Such dealings shall not be subject to the provisions of Articles (508), (992) and (1053) of the Civil Law and Articles (231), (232), (233) and (237) of the Commerce Law. The Authority shall also set up rules to regulate the settlement of Securities, without being limited to the provisions provided for in Section Three of the Law of Pleadings and the Executive Bylaws of the Companies Law. 9. Issue rules to regulate Special Purpose Vehicle Companies that issue Securities without being limited to the provisions provided for in the Companies Law. 10. If it so decides, to establish or contribute to establishing an educational or training institution related to the field of securities markets, such a body being a corporate entity which is subject to the Authority’s sole supervision, and which shall be regulated in accordance with rules and bylaws issued by the Authority.

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