Article 95 Of Chapter 9

Section: Prospectus for SecuritiesIssued by Companies

The Authority may refuse the prospectus in any of the following cases:

1 - If the prospectus is not in accordance with the provisions of this Law and its Bylaws.

2 - If the prospectus is submitted without any evidence of the payment of the determined fees.

3 - If the Issuer fails to submit the required financial statements according to this Law or any regulations or bylaws issued accordingly.

4 - If the prospectus contains any inaccurate or incomplete statement that may influence the decision of the subscriber.