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Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
Date Publish
10 January 2022
The Capital Markets Authority announces reporting to the Capital Market Prosecution on 09/01/2022 occurrence of the crime provided for in Article (63) of Law No. 7 of 2010 and its amendments, criminalized by Item (1) of Article (126) and Item (1) of Article (127) of the same Law. The defendant (a shareholding holding company) and one of its subsidiaries received and invested the funds of several clients, which is considered practicing a securities activity (investment portfolio manager) without being licensed by the Authority. It also failed to enable CMA’s employees to access data and information that the Authority deems important to access.
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