Date of issuance 8 January 2017,
Deadline 1 March 2017
On 8/1/2017, Capital Markets Authority (CMA) issued circular No. (2) Of 2017 on Licensed Persons’ Annual Report. The circular highlighted the importance of compliance with the provision of Article (7-5) of Module Sixteen of the Executive Bylaws of Law No. (7) of 2010 on preparing an annual report by the compliance officer to the board of the licensed person.
The said report should include all actions taken to implement the internal policies, procedures and controls and any proposal for increasing the effectiveness and efficiency of the procedures, in addition to submitting a copy of the report to the CMA no later than 1st of March.
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