UAE Capital Market Regulation Law

Article 50 — Article (50) The Obligation to Disclose to the Authority

1. The Authority may obligate any Person governed by the provisions of this Decree by Law and the Relevant Legislation in the State to disclose any information, documents, or reports requested, within the period determined thereby. 2. The Authority may exempt a Person from disclosing specific data or submitting specific documents in circumstances as it deems appropriate, provided that the concerned Market is notified thereof. 3. A Person shall not be deemed to be in breach of confidentiality obligations by reason of disclosing any information, documents, or reports to the Authority. 4. No Person may conceal any information, or provide false, misleading, forged, or altered information or documents to the Authority. 5. The information, documents, and reports submitted to the Authority shall constitute evidence or legal proof that may be relied upon in any legal or judicial proceedings undertaken by the Authority, without prejudice to the right of the competent judicial authorities to assess their probative value in accordance with the legally prescribed rules of evidence.

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