CmaBoardReleases
Title: Resolution No. (4) of 2018 Regarding the License Application Submitted by BDO Consulting Co. WLL to Practice Securities Activities Pursuant to Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their 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
- Resolution No. (75) of 2017 Regarding the License Application Submitted by BDO Consulting Co. WLL to Practice Securities Activities Pursuant to 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
- The request of BDO Consulting Co. WLL to renew the preliminary approval issued by the CMA for a similar period; and
- CMA Board of Commissioners Resolution passed in its meeting No. (49) of 2017 held on 20/12/2017.
The Following Was Resolved
Article (1)
Renewal of the preliminary approval is hereby granted for BDO Consulting Co. WLL for licensing the activity of Valuation of Assets. Valuation.
This approval is valid for six renewable months starting from 07/12/2017 and ending on 06/06/2018 in order to complete the criteria specified by the CMA.
Article (2)
The company mentioned in this resolution will be granted a license after completing the requirements mentioned in the preliminary approval letter issued by the CMA. The CMA license certificate will have a validity of three years starting on the date of issuance and is renewable.
Article (3)
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.
Mishaal M. Al-Usaimi
Issued on: 02/01/2018