Notwithstanding the imposition of disciplinary action in accordance with the provisions of this By-laws, the Chief Executive Officer or the Board of Directors may request the person who committed the breach to revoke the breach and rectify the resulting situation, to cease from committing such breach, or to cease any
Prior to imposing any disciplinary action on a member or a person associated with it, the Stock Exchange must give the member or the person associated with it the opportunity to hear its statements on the alleged breaches, and the Stock Exchange may be satisfied with a written reply from
The Stock Exchange's fiscal year shall start on the first of January of every year, and end on the thirty-first of December of same year.
The Stock Exchange's funds shall be constituted of the following: Subscription and annual membership fees collected from its members, as well as commissions, charges, allowances and fines stipulated for in its regulations. Earnings on the Stock Exchange's property and money, and sale proceeds of its assets. Gifts, donations and assistance
The Stock Exchange shall deposit its cash money at one or more banks in the Kingdom according to principles set by the Board of Directors.
The Stock Exchange shall keep the following: Its own accounting books and records, in accordance with adopted accounting standards. The books and records required for the conduct of its business, in accordance with its regulations and directives.
The Stock Exchange shall keep a general reserve wherein its net annual surplus for each fiscal year is recorded. Should there be a deficit in the revenue, recurrent expenditure and capital expenditure accounts in any year, it shall be covered from the general reserve. If the general reserve is not
The Stock Exchange shall not be liable for any damage or losses affecting any of its members, their clients or persons associated with them, as a result of trading in or use of any of the facilities or services supplied by the Stock Exchange.