CmaBoardReleases
Title: Resolution No. (43) of 2021 Regarding Amending Some Provisions of Module Ten (Disclosure and Transparency) and Module Fifteen (Corporate Governance) of the Executive Bylaws of Law No. (7) of 2010
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
- Resolution No. (118) of 2019 Regarding Amending Some Provisions 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; and
- CMA Board of Commissioners passed in its meeting No. (11) of 2021 held on 30/03/2021.
The Following Was Resolved
Article (1)
Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (1) attached to this Resolution.
Article (2)
Module Fifteen (Corporate Governance) of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (1) attached to this Resolution.
Article (3)
Appendix 2 (Structure of Corporate Governance Report Form) of Module Fifteen of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (2) attached to this Resolution.
Article (4)
Appendix 3 (Structure of Remuneration Report) of Module Fifteen of the Executive Bylaws of Law No. (7) of 2010 is hereby deleted pursuant to Annex (1) attached to this Resolution.
Article (5)
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 A. Al-Melhem
Issued on: 01/04/2021