Article 78 Of Chapter 8

Section: Collective Investment Schemes

The Bylaws shall define the necessary conditions for incorporating and managing Collective Investment Schemes and shall set out their endorsed forms, their functions and their responsibilities. The Authority shall issue the rules and regulations on issuance and redemption of investment units in such schemes, and their pricing controls.

* Article (78) is amended pursuant to Law No. 22 of 2015 on amending some provisions of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority & Regulating Securities Activities.