Regulatory Alerts2023-01-01
Financial Regulatory Authority Board Decision No. (48) of 2023
The Financial Regulatory Authority issued Board Decision No. (48) of 2023 mandating the voluntary suspension of Prismas Securities Brokerage Company's operations for one year, effective from its Ordinary General Assembly meeting on 29 December 2022. Grounded in Article 33 of the Capital Market Law and supported by prior regulatory approvals, the order requires publication on stock exchange screens and the Authority's official website. Implementation takes effect the day following issuance, with all relevant authorities directed to execute their respective portions of the mandate accordingly.
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