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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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3-6-1 Of Module Ten: Disclosure and Transparency
Section: Chapter One: Scope of Application and General Provisions
  • Sunday, 12 February 2017

    Without prejudice to Article (3-4) of this Module and other disclosure requirements as set out by the Law and these Bylaws, disclosure shall be made in accordance with Appendix 6 and Appendix 7 of this Module, taking the following into consideration: 1. An Insider in the Listed Company shall, upon taking up his duties, disclose to the Authority, Exchange, and the Company all the Shares he and his minors who are under his custody own in Listed Companies on an Exchange, in accordance with Appendix 6 of this Module. 2. An Insider in the Listed Company shall disclose his intention to sell or purchase Securities of the Listed Company, its Parent Company or any Subsidiary Company if listed in an Exchange to the Compliance Officer in that company before executing the transaction. Such disclosure shall contain the name of the Insider in a Listed Company and names of his minors who are under his custody who intend to execute such transaction, the position he holds in the Listed Company, quantity and nature of the Securities which he intends to trade, nature of the transaction and its date. 3. An Insider in the Listed Company shall disclose to the Authority, Exchange, and Listed Company any purchase or sale transactions he executed on the Securities of the Listed Company, its Parent Company, immediately after the completion of such transaction in accordance with Appendix 7 of this Module.

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