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Article 42 Of Chapter 3
Section: Securities Exchanges

The Exchange shall form a committee to be entrusted with regard to the violations committed by any of its Members. The Authority shall issue the regulations and controls necessary for its work and for Members. The committee may impose the following penalties:

1 - Cautioning the violator to discontinue committing the violation.

2 - Issuing a warning.

3 - Subjecting the violator to further supervision.

4 - Suspension from working or practicing the profession for period not exceeding one year.

5 - Imposing restrictions on the violator’s activity (ies). 6 - Suspension of trading of a Security for a specific period in the interest of the market. In all cases, the committee may cancel transactions related to the violation and the consequences thereof.


* Article (42) 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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