1. Capital Market Institutions may impose upon their members, employees thereof, and any persons in violation of their controls, any of the following sanctions or administrative measures: a. Reprimand. b. Warning. c. Suspension of the member or any of its employees from performing their duties for a period not exceeding one week. d. Suspension of the member or any of its employees from trading in the Market for a period not exceeding one week. 2. Capital Market Institutions may impose a financial penalty not exceeding (AED 1,000,000) one million Dirhams for each violation upon their members, employees thereof, and any persons in violation of their controls, and such penalty shall accrue to the Capital Market Institution imposing the same. 3. No Capital Market Institution shall utilize the financial penalty to obtain direct benefits for itself or its employees, and the Board of Directors of the Capital Market Institution shall determine the purposes of its disbursement. 4. Capital Market Institutions may request the Authority to suspend the member or any of its employees from performing their duties, or to suspend their trading in the Market for a period exceeding one week, or to revoke the license or approval granted to the member by the Authority, or to revoke the accreditation issued by the Authority to any of the member’s employees, or to impose a financial penalty exceeding the penalty prescribed in this Article. The Authority shall have the discretion to accept or reject such request.
Interpretation and application must be checked against the official text and current version.