CmaBoardReleases
Title: Circular No. (01) of 2018 on Licensed Persons’ Annual Report
“Circular to All Licensed Persons”
Chairman of the Board of Directors
Greetings,
We would like to draw your attention to the provision of Article (7-5) of Module Sixteen 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 concerning the importance of preparing an annual report by the compliance officer to the board of the licensed person, and including all actions taken to implement the internal policies, procedures and controls and any proposal for increasing the effectiveness and efficiency of the procedures, in addition to submitting a copy of the report to the CMA.
Therefore, you are required to comply with the above mentioned provision, and submit a copy of the required report approved by the board directors to the On-site Supervision Department at the CMA by March 1st every year, according to its special form, provided that the report cover the period from 1st of January to 31st of December of each year.
Mishaal M. Al-Usaimi
Issued on: 2/1/2018
التقرير السنوي للشخص المرخص له بشأن مكافحة غسل الأموال وتمويل الإرهاب