CMA LAW: Resolution No. (27) of 2016 Regarding Renewal of the Securities Activities License of Watani Financial Brokerage Company at the CMA

Having Perused: 

- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments; and

- The securities activities license certificate of Watani Financial Brokerage Company No. (AP/2013/0009( issued on 14/4/2015; and

- Based on the request of Watani Financial Brokerage Company dated 12/1/2016 to renew the securities activities license at the CMA; and

- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No.(18) of 2015 held on 3/6/2015 regarding delegating some of the Supervision Sector competences.

The Following Was Resolved

Article (1)
The securities activities license of Watani Financial Brokerage Company for practicing the activity of a securities broker registered in the Securities Exchange is hereby renewed for three years, renewable after paying the prescribed fee.

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance. It shall be published in the Official Gazette. 

Mubarak Abdullah Alrefaei
Acting Head of Supervision Sector

Issued on: 6/4/2016

Copy of the Official Document

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