The Emirates Securities and Commodities Authority said 40 brokerages face penalties for failing to meet the end-of-September deadline set by the authority to adapt to new requirements, reported Gulf News. Companies that missed the deadline will be suspended for one month and be given a new grace period, after which failure to comply will result in full suspension of activities and removal from the brokerages list.

[AMEInfo.com]



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Posted: 09|27|07 at 6:37 am. Filed under: News.