Capital Markets Authority-Exemption Policy - PQP

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Exemption Policy - PQP

exemption-policy

 

The CMA has set a policy of exempting from the requirements of the PQP for Registered Employment Positions for holders of certain recognized professional certificates and those possessing specific years of experience in the fields related to the technical qualification required for each Registered Employment Position separately. This is considering that the persons have the required knowledge in the field of that qualification, in accordance with the provisions of Appendix (3) "Qualifications and Experience Required in Registered Positions and Employment Positions in Licensed Person in accordance with Fit and Proper Rules" of  Module Five of the Executive Bylaws of Law No. 7 of 2010 and their amendments.

Accordingly, the exemption policy's determinants can be summarized as follows:

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