CmaBoardReleases
Title: Resolution No. (55) of 2022 Regarding Regulating Dealing in Securities by Insiders and the Disclosure of Penalties Issued against the Listed Company
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (13) of 2022 held on 06/04/2022.
The Following Was Resolved
Article (1)
Module One (Glossary) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (1) attached to this Resolution.
Article (2)
Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (1) attached to this Resolution.
Article (3)
Appendix 5 (Corporate Insiders Watch List Form and its Updates) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (2) attached to this Resolution.
Article (4)
Appendix 6 (Disclosure Form of Shares Listed on the Exchange and Owned, Directly or Indirectly, by a Corporate Insider Including Minors under his Custody as an Insider in the Listed Company whether directly or indirectly) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby cancelled.
Article (5)
Appendix 7 (Corporate Insiders Disclosure Form after Dealing in Listed Company’s Shares or Parent Company’s Shares) is hereby amended and renumbered as Appendix 6 of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments pursuant to Annex (3) attached to this Resolution.
Article (6)
Appendix 8 (Disclosure Form of Lawsuits and Court Judgments) is hereby amended and renumbered as Appendix 7 (Disclosure Form of Lawsuits and Court Judgments) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments pursuant to Annex (4) attached to this Resolution.
Article (7)
The following Appendices are hereby renumbered according to the sequence in Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.
Article (8)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Prof. Ahmad Almelhem
Issued on: 11/04/2022