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The Roles and Tasks of the legal Affairs Department
The department of the legal affairs has many Tasks and
responsibilities necessary to ensure that no violation of market
operations and activities of the rules, regulations and
legislations.
Accordingly, it leads to support the legal framework and increase
the awareness of workers and those who dealing with the market.
The Tasks of the Legal Department:-
1. Giving the legal opinion for the related activities and replying
the legal inquiry of the other departments in the market.
2. Participation to prepare the rules, legislations, and regulations
related to the market.
3. Preparing the legal studies related to the different market
operations and making out the results and showing them to the market
management committee.
4. Preparing and reviewing all the contracts and agreements which
the market drawn up.
5. Working as specialist legal experts of the stock market with the
specialized courts, and giving the opinion for the issues and
actions that the market represents as a party of it.
6. Follow up any action whether the market brings it, or it brings
against the market. In addition to coordinating with the external
advisor of the market about these actions.
7. Executing the issuing decisions of the court body about the
securities.
8. Undertaking to investigate the worker of the market about the
disobediences related to the market.
9. Undertaking the complaints that the market management submitted
to the department through the out side parties in order to respond
them and remove the causes.
The more important programmes
Preparing a proposal act for the Libyan Stock Market, in addition to
setting up the introduction, references and related definitions.
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