UAE Capital Market Regulation Law

Article 67 — Article (67) Rectification of Violations

1. The Authority may require any Person or Entity subject to its supervision to rectify any violations within a specified period, and may impose such administrative sanctions or measures as it deems appropriate in the event of non-compliance therewith, or failure to comply with the rectification procedures or timeframe prescribed by the Authority. 2. The Board may assign any specialized Entity to monitor the rectification of violations whenever necessary, with the costs thereof being borne by the violator, provided that the assigned Entity and its personnel shall be liable for any damage or fault arising from collusion, negligence, dereliction of duty, or disclosure of information. The Authority shall retain the authority to impose subsequent sanctions resulting from non-compliance with the rectification requirements.

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