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Title: Resolution No. (71) of 2024 Regarding Amendments to Some Provisions of Module Two and Module Five of the Executive Bylaws of the CMA Law
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. (5-17) of 2024 held on 29/05/2024.
The Following Was Resolved
Article (1)
Module Five (Securities Activities and Registered Persons) 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 3 (Qualifications and Experience Required in Registered Positions and Employment Positions in Licensed Persons in accordance with Fit and Proper Rules) of Module Five (Securities Activities and Registered Persons) 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 4 (Mechanism of Submitting Nomination and Registration Application) of Module Five (Securities Activities and Registered Persons) 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 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) 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 20 (Application for Assigning an External Entity to Undertake the Registered Employment Positions) of Module Five (Securities Activities and Registered Persons) 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)
Appendix 4 (Schedule of the CMA Services Fees) of Module Two (Capital Markets Authority) 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 (6) attached to this Resolution.
Article (7)
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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