CmaBoardReleases
Title: Resolution No. (1) of 2018 Regarding Amending the Executive Bylaws of Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments Regarding Procedures of Executing Merger Processes
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments; and
- Resolution No. (72) of 2015 on the Issuance of the Executive Bylaws of Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments; and
- Memorandum of Understating on Coordinating the Cooperation between the Ministry of Commerce and Industry and the Capital Markets Authority dated 21st November 2017; 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)
Appendix (1) “Procedures of Executing Merger Processes” of Module Nine (Mergers and Acquisitions) 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 is hereby amended as shown in Appendix (1) attached with this Resolution.
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