CmaBoardReleases
Title: Resolution No. (57) of 2018 on Amending the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (13) of 2018 held on 08/04/2018;
The Following Was Resolved
Article (1)
Module Ten (Disclosure and Transparency), Module Eleven (Dealing in Securities), Module Twelve (Listing Rules), Module Fifteen (Corporate Governance), of the Executive Bylaws of Law No. (7) of 2010 are hereby amended as follows:
1- Module Ten (Disclosure and Transparency):
Clause No. (17) of article (4-1-1), is hereby amended to be as stipulated in attachment No. (1) of this Resolution.
2- Module Eleven (Dealing in Securities):
- Article (10-20) and (10-22) is hereby amended to be as stipulated in attachment No. (1) of this Resolution.
- Appendix (10) regarding “Executive Rules of Securities”, is hereby amended to be as stipulated in attachment No. (2) of this Resolution.
3- Module Twelve (Listing Rules):
Article (1-7-1) is hereby amended to be as stipulated in attachment No. (1) of this Resolution
4- Module Fifteen (Corporate Governance)
- Article (1-2) is hereby amended to be as stipulated in attachment No. (1) of this Resolution
- A new article No. (7-7) is hereby added to be as stipulated in attachment No. (1) of this Resolution.
- Clause (e) of Clause (4) is hereby amended by adding a new Clause (f) for the same clause under No. (4) of article (9-9), and the text in article (9-9) would be as stipulated in attachment No. (1) of this Resolution.
Article (2)
Anything that conflicts with this Resolution shall be revoked.
Article (3)
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.
Mishaal Al-Usaimi
Issued on:19/04/2018