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Article 68 Of Chapter 6
Section: Licensed Persons Accounts Review

Each licensed Person shall establish and maintain books, records, and detailed and accurate accounts that reflect transactions or transfers of ownership of the assets related to such licensed Person, according to the accounting standards approved by the Authority. The licensed Person shall maintain the records, books and accounts for a period of not less than five years from the day of preparation thereof, or until any dispute between the licensed Person and a client is resolved, during which they should be available for review if requested. These documents shall be subject to inspection and auditing at all times by the Authority or whoever assigned by the Authority to do so.

 

* Article (68) 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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  • CMA Law