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Title: Resolution No. (169) of 2024 Regarding The Amendment of Certain Provisions Concerning Passporting of Financial Products
Date Publish
29 December 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. (40) of 2024 held on 25/12/2024.
The Following Was Resolved
Article (1)
Module One (Glossary) and Module Eighteen (Passporting of Financial Products) of the Executive Bylaws of the 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)
Appendix 1 (Passported Funds) is hereby added to Module Eighteen (Passporting of Financial Products) of the Executive Bylaws of the Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments pursuant to Annex 2 attached to this Resolution.
Article (3)
Appendix 4 Schedule of the CMA Services Fees of Module Two (Capital Markets Authority) of the Executive Bylaws of the 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)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 5/1/2025, and it shall be published in the Official Gazette.
Prof. Ahmad Al-Melhem
Issued on: 29/12/2024.
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