Any Person who commits any of the acts hereinafter specified, whether the result thereof has occurred or was intended to occur, shall be punishable by imprisonment for a term of not less than one (1) year and a fine of not less than (AED 50,000) fifty thousand Dirhams and not exceeding (AED 250,000,000) two hundred fifty million Dirhams, or by either of these two penalties: 1. Engaging in or performing any Financial Activities subject to the provisions of this Decree by Law or the Relevant Legislation, or undertaking any tasks or activities connected therewith, without obtaining a license, approval, registration, or accreditation from the Authority. 2. Deliberately providing incorrect, misleading, or contravening data in the documents of the Issuer or Foreign Issuer, their reports, Prospectuses, or related advertisements, or modifying any such data after submission to the Authority, or signing or distributing them with knowledge of their inaccuracy. 3. Deliberately broadcasting, presenting, or disseminating incorrect, misleading, or contravening news, information, or statements, or intentionally publishing misleading rumors, where such acts are likely to affect the integrity or stability of the Market. 4. Deliberately performing any act or trading operation on a Financial Product with the intent to create a false or misleading impression regarding the existence of actual trading or genuine demand for such product, or with the intent to control or influence its price, whether upward, downward, or stabilizing, or the trading volume in the Market, or the decision of an investor, in contravention of this Decree by Law and the Relevant Legislation. 5. Trading in a Financial Product based on Inside Information, or disclosing such information to others, or inducing any Person to trade in such Financial Product based on such information, knowing its confidential nature and potential effect on the Financial Product’s price. 6. Willfully failing to disclose Material Information in accordance with this Decree by Law and the Relevant Legislation. 7. Providing the Authority with false or misleading information or data, or submitting forged or altered documents, with knowledge of their inaccuracy or alteration. 8. Deliberately concealing information or documents requested by the Authority pursuant to this Decree by Law and the Relevant Legislation, or willfully failing to provide the same, or performing any act intended to obstruct or hinder the Authority’s inquiry, investigation, or inspection, or intentionally disrupting the course of a the investigation session. 9. Violating the provisions of Articles (34), (35), (36), and Paragraphs (d) and (e) of Clause (1) of Article (37) of this Decree by Law.
Interpretation and application must be checked against the official text and current version.