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Article 73

The Exchange shall have a disciplinary board with powers to decide on any violation to the Law, Internal Regulation and resolutions which regulate the Exchange, and any violation affecting the conduct of business and discipline in the Exchange.

The disciplinary board shall comprise of three members to be appointed by a resolution issued by the Chairman of the Board. The disciplinary board shall be presided over by the Director of the Exchange and may impose the following penalties:

1— Reminder.
2— Warning.
3— Confiscation of all or part of the broker's guarantee.
4— Suspension of trading by violating companies for a period not exceeding four months.
5— Striking off the listed companies and unlisted companies, or the transfer of a listed company into an unlisted company whose securities are admitted for trading.
6— Suspension of brokers and market makers from work for a period not exceeding four months.
7— Cancellation of brokers, market makers, and any other person with a similar status membership.

Deliberations of the disciplinary board shall be confidential. Resolutions shall be adopted by majority vote and the concerned parties shall be notified by registered mail, accompanied by an acknowledgment.