UAE Capital Market Authority Law

Article 9 — Article (9) Resignation or Vacancy

1. The Chairman of the Board may request approval of their resignation by submitting a written request to the Cabinet. 2. A Member of the Board may request approval of their resignation by submitting a written request to the Board, and a decision regarding such resignation shall be issued by the Cabinet upon the recommendation of the Chairman of the Board. 3. In the event that the resignation of the Chairman or a Member of the Board is accepted, or where their office becomes vacant for any reason prior to the expiry of the term of the Board, a successor shall be appointed for the remainder of the term of the Board in accordance with the conditions of appointment and membership stipulated in Articles (6) and (7) of this Decree by Law.

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