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CMA LAW: Resolution No. (40) of 2015 Regarding Revoking the License of Al-Themar Securities Fund and Completing the Procedures of Appointing a Liquidator for the Fund by the Capital Markets Authority
Date Publish
26 October 2015
Resolution No. (40) of 2015
Regarding
Revoking the License of Al-Themar Securities Fund and Completing the Procedures of Appointing a Liquidator for the Fund by the Capital Markets Authority
Having Perused:
- Law No. (7) of 2010 regarding the "Establishment of the Capital Markets Authority and Regulating Securities Activities", and its Executive Bylaws; and
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (17) of 2015 held on 27/5/2015.
The Following Was Resolved
Article (1): The license of Al-Themar Securities Fund is hereby revoked and the procedures of appointing a liquidator for the Fund shall be completed by the CMA.
Article (2): The work of the Al-Themar Securities Fund Manager is hereby ceased as from the date of this Resolution.
Article (3): Al-Themar Securities Fund is hereby crossed out from CMA's Investment Funds Register.
Article (4): The concerned bodies shall execute this Resolution, each within its own jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Mishaal M. Al-Usaimi
Issued on: 4 / 6 / 2015
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