قانون هيئة أسواق المال

[:en] Disclosure of interests Article 100 A beneficiary means a person who has an interest representing five percent (5%) or more of the capital of a listed company, whether directly or indirectly or in alliance with others. The Implementing Regulations shall regulate the intended beneficiary person, whether directly or indirectly, and specify the beneficiary person when

[:en] General and transitional provisions Article 149 The Commission may exchange information and documents relating to irregularities in securities matters between the Commission and the corresponding bodies in other countries, at the discretion of the Commission in each case and the public interest, provided that the principle of reciprocity is applied. Article 150 All data

[:en] Acquisitions and protection of minority rights Article 71 An offer to acquire means an offer, an attempt or a request to acquire: 1. All shares of a listed company or all shares of any class or categories within a listed company, other than the shares held by the bidder, its affiliates or allied parties

[:en] Penalties and disciplinary sanctions – First branch Jurisdiction and Procedures (108 – 116) Article 108 2. Non-penal departments shall be competent to settle non-criminal cases related to commercial, civil and administrative disputes arising from the application of the provisions of this law and the regulations and rules of the stock market, and substantive disputes

[:en] Collective investment systems Article 76 A collective investment system shall mean any of the following forms: 1. An investment fund. 2- A contractual collective investment system related to movable or immovable assets, the purpose of which is to enable the persons participating in this system to participate or obtain profits that may arise from the

[:en] Audit the accounts of authorized persons Article 68 Each licensed person shall organize and maintain books, records and accounts reflecting in detail and accurately the transactions or transfers of ownership of the assets of that person, in accordance with the accounting standards adopted by the Authority. He shall keep these books, records and accounts for

[:en] Organized securities activities Article 63 No person may engage in any of the following activities without obtaining a license from the Authority stating the activity or activities authorized: 2- Investment advisor or his representative. 3- Investment Portfolio Manager. 4- Director of a collective investment system. 5- Investment trustee. 6. Any person who participates in any other activity deemed to

[:en] Clearing Agency Article 48 The Clearing Agency shall mean any entity that provides a facility for the settlement and clearing of securities traders with respect to payment or delivery, or both, and provides related services, including the depository service within a centralized custody and transfer system. Article 49 No person may establish, administer, or

[:en] Stock exchanges Article 31 A stock exchange refers to the market dedicated to reconciling offers and purchase orders in securities, follows procedures for trading and performs the functions normally performed by financial markets. Article 32 No person may establish, operate or assist in the establishment or operation of a stock exchange except after obtaining