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Article 120 Of Chapter 11
Section: Penalties and Disciplinary Actions

A fine in an amount of not less than ten thousand Dinars and not more than one hundred thousand Dinars shall be incurred by any Person who omits, conceals, or prevents information with material effect – that the Law or the Bylaws require to be provided or disclosed to the Authority or an Exchange – in connection with the purchase or sale of a Security or in connection with a recommendation to purchase or sell a Security.

 

* Article (120) 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