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Article 127 Of Chapter 11
Section: Penalties and Disciplinary Actions

A punishment of a fine of not less than five thousand Dinars and not exceeding fifty thousand Dinars shall be incurred by any Person who commits an action that may obstruct an investigation or any supervisory activity of the Authority or its employees. The following acts shall be among the acts which obstruct the work of the Authority:

1 - Failing to enable the employees of the Authority to access any data or information deemed necessary by the Authority.

2 - Failing to comply with any final resolution issued by the Authority’s Disciplinary Board. 3 - Providing the Authority with false or misleading information.


* Article (127) 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