CMA LAW: Resolution No. (131) of 2023 Regarding the Standards of Financial Integrity and Soundness and Some Controls of Registration of Registered Positions and Employment Positions

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (27) of 2023 held on 20/09/2023. 

The Following Was Resolved
Article (1)
Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (1) attached to this Resolution.

Article (2)
Appendix 4 (Mechanism of Submitting Nomination and Registration Application) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (2) attached to this Resolution.

Article (3)
Appendix 10 (Application for the Nomination of Registered Positions and Employment Positions for Licensed Persons in accordance with Fit and Proper Rules) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (3) attached to this Resolution.

Article (4)
Appendix 11 (Application for Obtaining Approval of Effective Control of a Licensed Person) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (4) attached to this Resolution.

Article (5)
Appendix 15 (Application for Renewing the Registration of Employment Positions for Licensed Person) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments is hereby amended pursuant to Annex (5) attached to this Resolution.

Article (6)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from as of 01/10/2023, and it shall be published in the Official Gazette.

Prof. Ahmad Almelhem
Issued on: 25/09/2023.

The Translated Document

Copy of the Official Document

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