The Capital Market Law provides for the establishment of two committees to settle securities disputes; the Committee for the Resolution of Securities Disputes and the Appeal Panel.

The Committee for the Resolution of Securities Disputes

The Committee for the Resolution of Securities Disputes (CRSD) has jurisdiction over the disputes falling under the provisions of the Capital Market Law, the rules and regulations issued by the CMA and the Stock Exchange.

The CRSD consists of legal advisors appointed by the Board of Commissioners for a three-year renewable term.

Appeal Panel

The Appeal Panel, to be formed by the Council of Ministers, hears appeals against decisions issued by the CRSD. A decision issued by the CRSD may be appealed to the Appeal Panel within thirty days of the notification date.