CmaBoardReleases
Title: Resolution No. (63) of 2017 Regarding Amending the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- Based on CMA Board of Commissioners' Resolution passed in its meeting No. (15) of 2017 held on 12/04/2017 regarding the mechanism for reviewing the financial statements of licensed persons, and the mechanism for reviewing the agendas of the general assemblies for licensed persons and companies listed in the Exchange;
The Following Was Resolved:
Article (1)
Module Five (Securities Activities and Registered Persons), Module Twelve (Listing Rules), and Module Fifteen (Corporate Governance) of the Executive Bylaws of Law No. 7 of 2010, are hereby amended according to Appendix 1 attached with this Resolution.
Article (2)
Circulars included in the attached appendix (Appendix 2) for companies listed in the Exchange, licensed persons, and investment funds are hereby issued.
Article (3)
Any provisions that contradict with this Resolution are hereby annulled.
Article (4)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 1/6/2017. It shall be published in the Official Gazette.
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners
Issued on: 25/4/2017