Regulatory Alerts2014-01-01
Board of Directors Decision No. 40 of 2014 on Licensing Market Maker Activities
The Board of Directors issued Decision No. 40 of 2014 to permit the licensing of market maker activities under clause (b) of Article 27 of the Capital Market Law. This directive establishes the regulatory framework for financial institutions to apply for market maker licenses and defines their authorized trading operations. Entities must satisfy the prescribed licensing requirements to maintain market liquidity and ensure transparent price discovery.
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