CMA LAW: Resolution No.(9) of 2011 Regarding the Requirements of Licensees

Resolution No.(9) of 2011

Regarding the Requirements of Licensees

Having Perused:

• Law of the Establishment of the Capital Markets Authority and Regulating Securities Activity No. 7 of 2010; and
• Article No. (142) of the Executive Bylaw of Law No. 7 of 2010 issued by the CMA Board of Commissioners' Resolution No. 2-4 of 2011 on 3/3/2011; and
• Based on the approval of the Board of Commissioners passed in its meeting on Monday 9/5/2011.

The Following Was Resolved

Article One: Determining the Capital of the licensed persons and the legal form required for practicing the activity as per the following:

Article Two: All sectors' heads and departments' directors shall execute the provisions of this Resolution and act accordingly from the date of its issuance.

Saleh Mubarak Al-Falah

Chairman, CMA Board of Commissioners

Issued on 13/6/2011

PDF file

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