UAE Capital Market Authority Law

Article 10 — Article (10) Termination of Membership

1. Membership of the Board shall terminate upon expiration of its term without renewal, upon death, or upon resignation. Moreover, membership may be terminated by a resolution of the Cabinet in any of the following cases: a. If the Member commits serious errors or violations in the management of the Authority. b. If the Member fails to attend three (3) consecutive meetings without the Board’s approval, unless the absence is due to an official mission, annual leave, sick leave, or a reason accepted by the Chairman of the Board. c. If the Member loses any of the conditions of membership set forth in Article (7) of this Decree by Law. d. If the Member becomes incapable of performing their duties for any reason whatsoever. e. Any other reasons as determined by the Cabinet. 2. Members of the Board shall continue to perform their duties upon the expiration of the term of their membership without extension until new members are appointed in their place, and all decisions issued by the Board during this period shall be deemed valid and enforceable.

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