UAE Capital Market Regulation Law

Article 63 — Article (63) Appeal Against Decisions Issued by the Authority

1. A committee within the Authority, hereinafter referred to as the “Appeals Committee,” shall be established, competent to hear appeals against sanctions, administrative measures, and decisions issued by the Authority pursuant to this Decree by Law and the Relevant Legislation. The Authority shall issue a resolution regulating the committee and the procedures and controls governing its work. 2. The Authority may enlist individuals from outside the Authority to serve as members of the Appeals Committee and determine their financial remuneration. 3. An appeal against a decision of the Authority may be lodged within thirty (30) days from the date of notification thereof. 4. The aggrieved party may request the Committee to suspend the execution of the contested decision, and the Committee may order a stay of execution if it is established that the execution thereof would result in serious harm that cannot be remedied.

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