The Stock Exchange shall in particular aim to set the necessary environment to ensure an interplay of supply and demand of traded securities by strengthening the necessary bases for sound, transparent and fair trading.
The Stock Exchange shall assume the necessary responsibilities and authorities to achieve its objectives, including the following : Lay out procedures and business methods that guarantee transparent trading and fair procedures for dealers in securities. Provide electronic and manual systems, means of connection and communication and equipped halls with the
Trading in securities in the Stock Exchange shall take place by trading contracts between members, each on behalf of his / her client or portfolio. Said contracts shall be confirmed in entries in the Stock Exchange records. The entry records of the Stock Exchange registers and accounts, whether manual or
The membership of the Stock Exchange shall consist of Financial Brokers and Dealers and any other entities designated by the Board.
The following conditions must be fulfilled for a broker to submit a membership application to the Stock Exchange: The broker must have a valid license to practice. The broker's management and staff must have the necessary academic qualifications, knowledge and expertise to act as a member in the Stock Exchange
A broker that wishes to become a member in the Stock Exchange must submit a written request on the application form that the Stock Exchange has approved for this purpose, to be signed by person(s) authorized to sign on its behalf, and that contains the following information: Applicant's name and
The Board of Directors shall take its decision to approve or to reject membership within thirty days of the filing of the application form that contains all the necessary information, statements and documentation. The Board of Directors shall set a date for the member to start practicing, and it may
The Board of Directors may revoke the membership of any company if it transpires that it had supplied misleading or incorrect information on the membership application form.
A member is authorized to trade securities through the Stock Exchange and to use its facilities and systems in accordance with the By-laws and the instructions and decisions passed by the Stock Exchange in this respect. A member must start to practice within six months of the approval of its