CmaBoardReleases
Title: Resolution No. (126) of 2017 on Amending Chapter Eight (Complaints) of Module Three (Enforcement of the Law) of the Executive Bylaws of Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and their Amendments
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- Resolution No. (72) of 2015 on the Issuance of the Executive Bylaws of Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (33) of 2017 held on 23/08/2017.
The Following Was Resolved
Article(1)
Without prejudice to the provisions stated in Article (15) of Law No. (7) of 2010 and its amendments, and based on the provisions of Article (5) of paragraph (2) of the Law, the Authority authorizes the Complaints and Grievances Committee – in addition to its work – shall receive the complaints sent to the Authority pursuant to the amendment of some provisions of Chapter Eight (Complaints) of Module Three (Enforcement of the Law) of the Executive Bylaws of the Law.
Article (2)
The provisions of Chapter Eight (Complaints) of Module Three (Enforcement of the Law) of the Executive Bylaws of the Law of Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, shall be amended pursuant to the attachment of this Resolution.
Article (3)
Form No. (2) Complaint attached to Module Three (Enforcement of the Law) of the Executive Bylaws of the Law of Law No. (7) of 2010 and their amendments, shall be amended pursuant to attachment of this Resolution.
Article (4)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and all resolutions that conflict with it shall be annulled. It shall be published in the Official Gazette.
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners
Issued on: 12/09/ 2017