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Article 46 Of Chapter 3
Section: Securities Exchanges

By virtue of a written notification to the Securities Exchange, the Authority may cancel the Securities Exchange license as of the date specified in the Authority’s resolution in the following cases:

1 - If the company is no longer able to meet one of the conditions by which the company was qualified to obtain a license.

2 - If operations in the Securities Exchange has been suspended for more than five working days.

3 - In case of closure of Securities Exchange.

4 - If the Securities Exchange does not abide by the Authority’s instructions in spite of being notified by the Authority.

5 - If the Securities Exchange does not provide the Authority with the information requested by the latter or if it provides misleading or inaccurate information. The Authority shall publish the decision of license cancellation and reasons thereof in the Official Gazette.

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