The capital-market regulator, created under Law No. 74 of 2004 with financial and administrative independence. A board of five commissioners, including a full-time chairman and deputy chairman, runs it.
What they do
Licenses securities markets and brokerage firms, approves the listing of securities, approves the internal rules of the markets and the depository, and issues instructions and regulatory regulations (لوائح تنظيمية) on trading, disclosure, brokers, investors and AML due diligence. Its stated purpose is investor protection and a fair, efficient and transparent market.
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