Upon applying the provisions of this Resolution, the following words and expressions shall bear the following meanings assigned thereto respectively, unless the context requires otherwise:

State: The United Arab Emirates

Authority: Securities and Commodities Authority

Board: Board of Directors of the Authority

Market: The securities or commodities market licensed in the State in accordance with the provisions of Federal Law No. (4) of 2000 concerning the Emirates Securities and Commodities Authority and Market, referred to hereinabove.

Person: The natural or legal person committing the violation.