CmaBoardReleases
Title: Resolution No. (5) of 2018 Regarding adding a fee to the Fees Schedule Issued in Resolution No. (9) of 2016
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
- Resolution No. (9) of 2016 regarding Issuance of the Fees Schedule issued on 11/02/2016; and
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (48) of 2017 held on 13 and14/12/2017;
The Following Was Resolved
Article (1)
Adding Clause No. (40) to the first article of resolution No. (9) of 2016 regarding issuance of fees schedule according to the following:
Sr. |
Service |
Fee Amount (KD) |
Maturity |
40 |
Request of Licensing for a Security Exchange |
1,000 |
Upon submitting the application |
1,000,000 |
Upon licensing |
||
3% of the total trading commissions in the market |
To be paid annually at the end of the financial year |
Article (2)
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