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Amending UASA’s Bylaws


 Published on: 29-Jun-2022

The Union of Arab Securities Authorities Board held a meeting virtually on 09/06/2022 to discuss the proposed amendments on UASA’s bylaws. The meeting was chaired by H.E. Sheikh Abdullah bin Salem Al Salmi, Chief Executive Officer of Capital Market Authority of Oman / Chairman of the UASA, with the participation of representatives of the regulatory authorities’ members of the UASA and the Secretary General of the Union.

The Board discussed the memo of the UASA’s General Secretariat regarding the amendment of the UASA’s bylaws and the comments received from the Union members and the justifications proposed by the UASA’s General Secretariat. Within this framework, the Board decided to amend the bylaws, as these amendments allows more than one active member in the same country to vote on the Board’s decisions. The amendments also allow the possibility for the Board to take decisions by passing the decision, subject to the approval of all active members.

The amended bylaws can be viewed through this link.

 

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