CmaBoardReleases
Title: Resolution No. (10) of 2023 Regarding Issuance of Module Nineteen (Financial Technologies) of the Executive Bylaws of Law No. 7 of 2010
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. (48) of 2022 held on 28/12/2022.
The Following Was Resolved
Article (1)
Module One (Glossary), Module Two (Capital Markets Authority), Module Five (Securities Activities and Registered Persons), Module Eleven (Dealing in Securities) and Module Sixteen (Anti-Money Laundering and Combating Financing of Terrorism) 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 are hereby amended pursuant to Annex (1) attached to this Resolution. The provisions of these amendments shall come into force as of 02/01/2024.
Article (2)
Module Nineteen (Financial Technologies) 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 added pursuant to Annex (2) attached to this Resolution. The provisions of this Module shall come into force as of 02/01/2024.
Article (3)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 02/01/2024, and it shall be published in the Official Gazette.
Prof. Ahmad Almelhem
Issued on: 15/01/2023
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