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CMA LAW: Resolution No. (70) of 2024 Regarding Provisions of Increasing the Capital of Closed-End Funds with Fixed Capital Listed on the Exchange
Date Publish
02 June 2024
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. (4-17) of 2024 held on 29/05/2024.
The Following Was Resolved
Article (1)
Module Thirteen (Collective Investment Schemes) 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.
Article (2)
Attachment (7) Investment Controls of Real Estate Income-Generating Fund (Traded) of Appendix 4 (Investment Controls for Each Type of Fund) of Module Thirteen (Collective Investment Schemes) 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 11 (Detailed Subscription Statement) of Module Thirteen (Collective Investment Schemes) 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 (3) attached to this Resolution.
Article (4)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Prof. Ahmad Al-Melhem
Issued on: 02/06/2024.
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