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    • Chairman Message
    • Organizational Structure
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    • Suggestions
    • Publications
    • National Project
    • Events
    • List Of Licensed Companies
    • External Audit Offices
    • List Of Registered Auditors
    • Local and Gulf Unlicensed Entities
    • Persons Restricted from Practicing Securities Activities or Registered Positions and Employment Positions
    • Workshops
    • Facilitating the opening of investment accounts Initiative
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  • Media Center
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    • Media Appearances
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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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  • November 17
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7-1-5 Of Module Seven: Clients’ Funds and Clients’ Assets
Section: Chapter Seven: Custodian
  • Wednesday, 08 November 2017

    Duties of Care A Licensed Person shall always consider Client’s benefit and endeavours to achieve his Clients’ benefits. He shall particularly comply with the following: 1. He shall enable Clients to exercise all their rights arising from his ownership of Securities, such as rights of taking any action on Securities, voting, nomination and appointment to Boards. The Licensed Person may exercise any such rights on behalf of the Clients with written authorization by the Client whether in the contract concluded or via special authorization. 2. He shall commit to establishing one account only to each Client in the Licensed Persons records, such account may only be owned by one Client.

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