CMA LAW: Resolution No. (159) of 2022 Regarding Amending the Requirements of Categories Intending to Establish Securities Investment Portfolios

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. (37) of 2022 held on 12/10/2022. 

The Following Was Resolved
Article (1)
Module Seven (Clients Funds and Clients’ Assets) 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)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force after one month of its issuance date, and it shall be published in the Official Gazette.

Prof. Ahmad Almelhem
Issued on: 16/10/2022
 

The Translated Document

Copy of the Official Document

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