Regulatory Alerts2009-01-01
Minister of Investment Decision No. (10) of 2009
The Minister of Investment issued Decision No. 10 of 2009 to amend the Executive Regulations of the Capital Market Law. The decision replaces Articles 211 and 212, mandating an eight-thousand-pound deposit from appellants challenging administrative decisions, which is refundable minus a 10% administrative fee if the Appeals Committee rules in their favor. It further establishes fixed remuneration for the Appeals Committee—one thousand five hundred pounds for the chairman and one thousand two hundred pounds per member—and grants the Authority's Chairman the power to set fees for Arbitration Office and Appeals Committee staff.
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