1
Securities Group Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protecting them from the penalties that may arise as a result of non-compliance.
In reference to executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation of securities activities, article No. (3 - 2) : The crime set forth in Article (122), paragraph (1/A) of the Law shall be committed, if a Person acts in a false or misleading manner in regards to actual trading of a listed Security or of the Securities Exchange through entering into a transaction in a manner which does not result in an actual change to the ownership of such Security, in the following cases:
1. Purchasing or selling a listed Security in the accounts of the same Person.
2. Purchasing or selling a listed Security amongst direct or indirect accounts of such Person through Investment Portfolios incorporated for a Licensed Person and managed by the Client or amongst accounts of such portfolios.
3. Purchasing or selling a listed Security amongst direct or indirect accounts of such Person through the Subsidiaries thereof or amongst the accounts of such subsidiaries.