1. The Board may delegate certain powers conferred thereupon under this Decree by Law and the Capital Market Regulation Law to the Chairman, the Chief Executive Officer (CEO), any committee formed thereby, or any suitable employee of the Executive Management, provided that such delegation is made in writing and specifies the delegated powers and the duration thereof. 2. Subject to Clause (2) of Article (27) of this Decree by Law, the Board may delegate certain operational or executive powers of the Authority to any Capital Market Institutions or Self-Regulatory Organizations, upon their consent. In such case, such institutions shall establish controls governing the exercise of such powers, the sanctions applicable for violations thereof, and the mechanisms for considering complaints and grievances, provided that such controls are approved by the Authority prior to implementation. The Board shall have the authority to revoke, suspend, or amend such delegation in such cases as it deems appropriate in order to achieve the public interest.
Interpretation and application must be checked against the official text and current version.