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Article 129 Of Chapter 11
Section: Penalties and Disciplinary Actions

The courts may issue an order against any Person who has been convicted in connection with any of the offenses provided for in this Law, by temporarily or permanently depriving him/her from working as a member of the Board of Directors, Managing Director or Chief Executive Officer in a shareholding company, or in the practice of his profession or any similar profession, and such deprivation shall be mandatory in the event of repetition of the violation.


* Article (129) 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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