Article 43 Of Chapter 3
Section: Securities Exchanges
The management of an Exchange shall inform the Authority of any disciplinary action taken against any of its Members, the details of the violation committed, and the procedures taken and the penalty imposed. The Authority shall be provided with all documents related to the subject. The Authority may, by virtue of a decision it issues or based on a grievance filed by a complainant within fifteen days of his receipt in writing of the notification of the decision, refer the subject to the Disciplinary Board to review the disciplinary action in accordance with its accredited review system. The Disciplinary Board may uphold the Exchange’s decision, or amend, or cancel the same by a reasoned decision.
* Article (43) 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.