cause serious impact or damages to the interest of the public at large, the SEC shall promptly report the facts and assess the potential impact or damages in respect of such act as well as analyse the

report the facts and assess the potential impact or damages in respect of such act as well as analyse the issues and propose the actions to be taken to the Minister. Section 12. The SEC shall have the

any state enterprise, government organization, or district office; (5) not having a position or any responsibility or having an interest in a securities company. SECTION 22. Apart from the expiration of

member or official of any political party; (4) not being a civil servant having a permanent position or salary, or an officer or employee of any state enterprise, government organization, or district