Article 8 Of Chapter 2
Section: Capital Markets Authority
The Chairman shall represent the Authority before the court and third parties. He/She assumes the position of the Executive Director and executes the decisions of the Authority. He/She also supervises all the technical and administrative bodies affiliated of the Authority. He/She exercises his/her authorities in accordance with the law, bylaws and decisions approved by the Board of Commissioners. He/She shall also be responsible, along with the other commissioners, for the management of the Authority. He/She may delegate some of his/her administrative authorities to one of the commissioners or an administrative unit in the Authority.