The Licensed Person and its employees shall be obliged to: 1. Exercise the Financial Activity or approved function within the limits of the license, Approval, Registration, or Accreditation issued by the Authority, and any conditions or restrictions imposed thereon. 2. Ensure that all conditions of the license, Approval, Registration, or Accreditation are continuously fulfilled during the period of exercising the Financial Activity or approved function. 3. Refrain from conducting any activities other than those Financial Activities licensed by the Authority, except for the entities and activities designated by the Authority. 4. Provide all information, data, and banking account number and details requested by the Authority within the period determined thereby; the Authority shall have the authority to verify the accuracy of the information or data provided by the competent authorities in the State. 5. Maintain a balance between the exercise of the Financial Activity or approved function and upholding principles of fair and proper conduct, the management of conflicts of interest and the disclosure thereof. 6. Refrain from causing harm to the Capital Market sector or its participants. 7. Verify that any Person exercising an approved function holds a valid Authority Accreditation and performs duties in compliance with applicable legislation. 8. Fulfil standards of competence and suitability and implement compliance controls in accordance with Authority decisions. 9. Submit reports requested by the Authority within the prescribed deadlines. 10. Notify the Authority in writing of any intention to cancel the license, approval, registration, or accreditation; the Licensed Person shall not cease exercising the Financial Activity, nor liquidate its operations, except after the Authority’s approval of the cancellation, in accordance with the controls established by the Authority, and after verification that claims, obligations, client accounts, and other cancellation requirements has been settled. 11. Report to the Authority any violation of the provisions of this Decree by Law, Relevant Legislation, regulations, controls, or technical systems employed; such reporting shall not constitute a breach of functional duties or grounds for termination or disciplinary action against employees. 12. Determine fees and commissions charged to clients in accordance with Authority-determined controls. 13. Comply with the provisions of this Decree by Law, Relevant Legislation, and Authority decisions relating to anti-money laundering, combating the financing of terrorism, and proliferation financing. 14. Fulfil any other obligations prescribed by the Authority through its decisions.
Interpretation and application must be checked against the official text and current version.