Article 83 Of Chapter 8
Section: Collective Investment Schemes
A manager or Custodian of a Collective Investment Scheme may not be replaced unless upon approval from the Authority; and the Authority shall notify an applicant for such a change of its reasoned decision within thirty days from the date of receipt of the request. The Bylaws shall specify the procedures required in this regard.
* Article (83) 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.