1. Subject to the provisions of the Companies Law and Relevant Legislation, an Issuer desiring to issue a Security shall obtain the prior approval of the Authority prior to issuance. 2. The Board of Directors, Executive Management, and advisors of the Issuer, each within the scope of their authority, shall comply with the requirements of the Prospectus, ensuring that it includes all information enabling investors to make informed investment decisions through an assessment of the benefits, risks, rights, and obligations associated with the Security, as well as the financial position of the Issuer. The Issuer may amend the same or issue an additional Prospectus upon the approval of the Authority. The Authority may exempt the Issuer from submitting the Prospectus or any of its requirements in cases determined thereby. 3. The Board of Directors, Executive Management, and advisors of the Issuer, each within the scope of their authority, shall be held accountable for failure to provide data and information, or for providing misleading or inaccurate data or information, or for any violation of the provisions of this Decree by Law and Relevant Legislation. 4. The Authority may issue an order to suspend the issuance procedures of any Security if it deems that such issuance would contravene the provisions of this Federal Decree by Law and Relevant Legislation, or in case of exceptional circumstances or any other reasons it deems appropriate, provided that the Issuer is granted a period to rectify the situation unless such period would prejudice the interests of investors or third parties. In all cases, the Issuer must be notified in writing of such suspension.
Interpretation and application must be checked against the official text and current version.