Regulatory Alerts2017-06-20
Amendment of Market Conduct Regulation Series 4000 and Repeal of CMA Decisions on Price Manipulation and Insider Trading
The Capital Markets Authority amends Article 4202 of its Market Conduct Regulation Series 4000 and repeals prior decisions on price manipulation and insider trading through Announcement No. 23 dated June 20, 2017. The updated regulation requires approved institutions to disclose fee and commission schedules in client agreements, granting clients a two-week objection period before revised rates apply. Compliance departments must verify that notification notices reach the client's latest recorded postal address, with unobjected updates automatically deemed approved for billing.
Share