Supreme Committee Decision No. (3) of 2004- Executive Order
Chapter 2
Licences and Apparatus Approval
Part 1 – Licences
Article (26)
*
The Supreme Committee may issue specific and objective standards which accordingly Licences
shall be issued thereupon or exempted thereof.
Article (27)
The license issued by the Supreme Committee shall determine the type of activity a juridical
person allowed to practice and the term thereto. The Authority should be notified to acquire its
written approval in the event of the license waiving.
Article (28)
The decisions issued by the Supreme Committee in relation to Licences awarding to juridical
persons shall be published in the official gazette.
Article (29)
The Supreme Committee may issue instructions or directives to any Licensed Operator as it may
imply conditions in the Licences it issues relating to the following matters:
1.
specifying the fees payable by the Licensee upon issuance of the Licence and during its
term ;
2.
the circumstances in which the Licence, either in whole or in part, may be revoked or
suspended;
3.
undertaking the Licensee to do specific matter or abstain from doing specific matters that
have specific description within the framework of the exercised licensed activities
standards.
4.
the method of settling certain matters specified by or arose from the license and issues
with special specification that need to be settled by qualified person.
5.
setting ceiling limit for the shares of any licensee that could be owned by any other
Licensee or by any of its subsidiaries or affiliate companies or bodies.
6.
oblige the licensee to provide the Supreme Committee or the Authority with the
documents, information and data that might be requested.
*
This article was amended by the Supreme Committee Resolution no (2) of 2006.
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