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Article 90 Of Chapter 8
Section: Collective Investment Schemes

The Authority – where a manager or Investment Controller or Custodian of a Collective Investment Scheme has failed to comply with the provisions of this Law or the Bylaws hereof – may instruct the Scheme Manager to temporarily suspend issuance or redemption operations in the units of the Collective Investment Scheme, or both, from the date specified in the instructions therewith.

 

* Article (90) 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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