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Global Broker Regulation & Inquiry App
Securities and Commodities Authority
Year 2000Regulated by Government
Since its inception, the Securities and Commodities Authority has been keen on putting the objectives stated in the Federal Law No. (4) of 2000 into effect by sparing no effort to strengthen the legislative structure through issuing such regulations and instructions that ensure the development of the organizational and supervisory framework of the list joint-stock companies and other companies operating in the securities field. Besides, the Authority has introduced some controls and criteria that would contribute positively to enhancing the investors' trust in the Authority.
Disclose broker
Disclosure summary
- Disclosure matching Name matching
- Disclosure time 2024-02-23
- Penalty amount $ 27,413.31 USD
- Reason for punishment The bank’s failure to provide the Authority with financial reports of profit and loss for the financial consulting activity, promotion activity, and investment management activity of investment funds for the financial periods ending
Disclosure details
Violations of listed PJSCs in financial markets Al Hilal Bank
The bank’s failure to provide the Authority with financial reports of profit and loss for the financial consulting activity, promotion activity, and investment management activity of investment funds for the financial periods ending on 30/06/2022, 03/09/2022, 31/12/2022, within the specified statutory period, which constitutes a violation of the provisions of Article (3/7) of Chapter Five of Section Two of The Chairman of the Authority’s Board of Directors’ Decision No. 13/R.M of 2021 on the Regulations Manual of the Financial Activities and Status Regularization Mechanisms Rule Book.
Annex
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