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Article 5 Of Chapter 2
Section: Capital Markets Authority

The Authority shall carry out all the work necessary to achieve its goals, pursuant to this Law, and in particular the following:

1 - File civil, commercial, and administrative lawsuits related to the application of the rules of this Law and its Bylaws, regulations, and rules issued hereunder, or others relevant to the Authority.

2 - Receive complaints on violations and crimes stated in this Law, perform administrative investigation of them, and refer them to the Disciplinary Board if so it deems.

3 - Carry out all the procedures that may lead to uncovering crimes as stated in this Law and refer criminal complaints to the Public Prosecution in case of any incident which is suspected to be an offense under the purview of the Authority or in respect of those who are engaged in Securities activities.

4 - Conduct inspections, and supervise Securities dealings and the activities of the licensed Persons in accordance with this Law.

5 - Purchase, acquire, and dispose of any kind of property, and initiate all forms of legal action.

6 - Print and publish materials related to Securities activities.

7 - Impose fees corresponding to the services provided, and collect fines within the framework of this Law. The Authority shall perform all the necessary procedures which enable it to perform its duties and achieve its objectives as explained in this Law.

8 - Set up rules to regulate Dealing in Securities and the transfer of ownership. Such dealings shall not be subject to the provisions of Articles (508, 992 and 1053) of the Civil Law and Articles (231, 232, 233 and 237) of the Commerce Law. The Authority shall also set up rules to regulate the execution of Securities, without being limited to the provisions provided for in Section Three of the Law of Pleadings and the Executive Bylaws of the Companies Law.

9 - Issue rules to regulate special purpose companies which issue Securities, without being limited to the provisions provided for in the Companies Law.

10 - If it so decides, to establish or contribute in establishing an educational or training institution related to the field of Securities markets, such a body being a corporate entity which is subject to the Authority’s sole supervision, and which shall be regulated in accordance with rules and bylaws issued by the Authority.

 

* Article (5) 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.

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  • CMA Law