CMA LAW:
Announcement Regarding Expiration of the Preliminary Approval Period for the Licensing Application Submitted by Caveo Brokerage Company
Date Publish30 September 2025
The Capital Markets Authority (CMA) announces the expiration of the preliminary approval period granted to Caveo Brokerage Company on 30/03/2025 pursuant to Resolution No. (49) of 2025 Regarding the License Application Submitted by Caveo Brokerage Company to Practice Securities Activities issued on 26/03/2025.
Accordingly, the request of the securities activities license submitted by Caveo Brokerage Company is considered null and void as of the expiry date of the preliminary approval on 29/09/2025 in accordance with the provision of Article 1-7 of Module Five (Securities Activities and Registered Persons) 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 which stipulates:
“… If the applicant fails to submit the required information and documents within the period stipulated in writing by the Authority without an excuse acceptable to the Authority, the application shall be deemed to have been withdrawn.”
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