Market Makers
Article 33
No person may carry out the business of market making (dealing in securities), pursuant to Exchange Law and its Internal Regulation, unless he obtains a licence from the Board. The market maker may be a natural or legal person, who must satisfy the conditions provided for herein.
Article 34
The Exchange's management shall review the applications submitted for carrying out the business of market making, and submit its recommendation to the Board for the decision. The decision of the Board in this respect shall be final. The applicant whose application has been rejected shall have the right to appeal against the decision before the Civil High Court within 30 days from the date of notification of such a decision.
Article 35
The Board shall determine the number of market makers, who shall be bound to submit all data, information, particulars and documents required by the Exchange's management subject to the form and on the specified date. The Exchange's administration shall verify the accuracy of such particulars and information, by any means it deems fit.
