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Article 77 Of Chapter 8
Section: Collective Investment Schemes

Securities or units pertaining to a Collective Investment Scheme shall not be managed or sold unless the Scheme has been licensed by the Authority according to its rules, bylaws, and regulations and the issuance of the license has been announced to the public in the Official Gazette.


* Article (77) 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