Article 26 Of Chapter 2

Section: Capital Markets Authority

No Commissioner or employee invited to attend a meeting on any domain of the Authority’s competence who has a direct or indirect interest in the topic submitted for deliberation shall be allowed to participate in its discussion, or express an opinion or vote thereon. Such interested party must disclose this interest, if any, at the beginning of the meeting, and shall leave the meeting prior to commencing the discussion of the topic. Every Person invited to a meeting on any domain of the Authority’s competence and who has a direct or indirect interest in the topic submitted for deliberation must disclose such interest, if any, at the beginning of the meeting and before participating in the discussion or expressing opinion. In all cases, the meeting Chair must notify the attendants of the importance of the disclosure indicated in the two previous paragraphs.

* Article (26) is amended pursuant to Law No. 22 of 2015 Amending Some Provisions of Law No. 7 of 2010 regarding the Establishment of the Capital Markets Authority & Regulating Securities Activities.