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Article 126 Of Chapter 11
Section: Penalties and Disciplinary Actions

Shall be punished with a fine not less than five thousand Dinars and not exceeding fifty thousand Dinars any Person who:

1 - Exercises any particular activity or profession without obtaining a license from the Authority in accordance with the provisions of this Law.

2 - Makes a public offering or any other transaction in violation of the provisions of this Law or the Executive Bylaws thereof.

3 - Deliberately refrains or delays in submitting any periodical report or document to the Authority as required by this Law. A ruling may be rendered to deprive him/her temporarily from exercising any activity that he/she has been performed without license, or preventing him/her from entering into any transaction or deal that is required to be registered in accordance with the Law.

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  • CMA Law