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Article 41 Of Chapter 3
Section: Securities Exchanges

No rules issued by the Securities Exchange, or any amendment thereof, through removal, replacement or change thereof or addition thereto, shall be valid unless they are approved by the Authority. The Securities Exchange shall submit the reasons and objectives for proposing such rules or amendments and set out its impact, thereupon, the Authority may give its approval, disapproval, amendment and shall notify the Securities Exchange of its resolution within a period not exceeding three months of the date of notification of proposal.

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  • CMA Law