UAE Capital Market Regulation Law

Article 73 — Article (73) Supplementary Penalties

1. In addition to the penalties provided under this Decree by Law, the court may impose one or more of the following measures: a. Prohibition from engaging in the Financial Activity in connection with which the offense was committed for a period not exceeding (5) five years. b. Revocation of accreditation or disqualification from practicing the profession for a period not exceeding (5) five years. c. Disqualification from membership of the Board of Directors of the Issuer for a period not exceeding (5) five years. d. Permanent revocation of the license, approval, or registration required to engage in the Financial Activity. e. Confiscation of funds and seized assets in favor of the State, with the option to allocate the same to the Authority in accordance with the Financial Legislation in force. 2. The imposition of any measure under Clause (1) of this Article shall be mandatory in cases of recidivism. 3. The Court may order the publication of the judgment of conviction at the expense of the convicted person in the manner it deems appropriate. 4. The Authority shall have the right to publish a summary of final judgments issued in criminal proceedings initiated at its request, by such means as it deems appropriate, in compliance with the legislation in force in the State.

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