Law No. (3) of 2000 Concerning the Establishment of Abu Dhabi Securities Exchange

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Law No. (3) of 2000 Concerning the Establishment of
Abu Dhabi Securities Exchange
We, Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi
Having reviewed:
• Law No. (1) of 1974 concerning the Reorganisation of the Governmental
Body in the Emirate of Abu Dhabi and its amendments;
• Law No. (2) of 1971 concerning the National Consultative Council and its
amendments;
• Law No. (3) of 2000 concerning the Establishment of Abu Dhabi Securities
Exchange and its amendments; and
• Based on what was presented to and approved by the Executive Council,
Issued the following Law:
Article (1)
The text of Article (7) of the aforesaid Law No. (3) of 2000 shall be replaced
by the following text:
Article (7):
• Abu Dhabi Securities Exchange shall be managed by a Board of Directors
consisting of at least five members including the Chairman, all appointed
by a Chairman of the Executive Council Resolution.
• The Term of the Board’s membership shall be three renewable years.
• The remunerations of the Board members shall be determined by a
resolution of the Executive Council.

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Article (2)
The title “Executive Director” shall be amended wherever mentioned in
the aforesaid Law No. (3) of 2000 to “Chief Executive Officer” and shall be
appointed in accordance with the applicable legislations.
Article (3)
This Law shall be effective from the date of its issuance and shall be published
in the Official Gazette.
Issued by us in Abu Dhabi
On 28 May 2018
Corresponding to 12 Ramadan 1439 H
Khalifa bin Zayed Al Nahyan
Ruler of Abu Dhabi

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Crown Prince Chairman
of the Executive Council
Resolutions
Crown Prince Chairman of the Executive
Council Resolutions

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