SCA Board of Directors’ Decision No. 05/R.M of 2018 Concerning the Imposition of Sanctions

The Chairman of the Board of Directors of the Securities and Commodities Authority having considered,

- Federal Law No. 4 of 2000 Concerning the Emirates Securities and Commodities Authority and Market, as amended, and the regulations issued in implementation thereof, as amended;

- Federal Decree No. 130 of 2017 Concerning the Formation of the Cabinet of the United Arab Emirates;

- The Cabinet Decision No. 13 of 2000 Concerning the Regulations as to the Functioning of the Securities and Commodities Authority, and amendments thereof;

- The Cabinet Decision No. 41 & 8 of 2017 Concerning the Restructuring of the Board of Directors of the Securities and Commodities Authority;

- The approval of the Board of Directors of the SCA at its 19th meeting of the fifth session held on 29/11/2017, and

- The requirements of the public interest,

Has decided:

Article 1

Without prejudice to the original sanctions, the Authority may impose the sanctions set forth in the table below in following cases:

1. Failure to pay the fine as prescribed by the Authority.

2. Delay in renewing the license issued by the Auth...