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Article (16) Authority Powers

For the purposes of enabling the Authority to exercise the powers assigned to it pursuant to this Law by Decree, and without prejudice to the powers of other relevant Competent Authorities, the Authority shall have the following powers:

1. Exercise the powers assigned to it in accordance with the provisions of this Law by Decree through monitoring, Audit, review and examination on a periodic or sudden basis.

2. Request information, documents, data, evidence and evidence in writing or orally.

3. Review any documents, decisions, documents, data, information, reports, papers, manual or electronic records, or any electronic systems of the Regulated Entities, and reserve them or keep any copies of them.

4. Review the working papers of the External Auditors concerning Audit the financial statements of the Regulated Entities, and Seizing them or keeping any copies of them.

5. Access the electronic systems and programmes of the Regulated Entities to evaluation of the degree of protection and integrity of information, data and Official records relating to them and to the Entities and individuals dealing with them, in coordination and cooperation with other relevant authorities without prejudice to their established powers. The Authority may connect the electronic programmes and systems of the Regulated Entities to the Authority electronic programmes and systems for monitoring and Audit.

6. Enter the workplace of the Regulated Entities without the need for any prior authorisation.

7. Attend the regular and extraordinary general assembly meetings of the Regulated Entities.

8. Request minutes of Audit committee meetings in Regulated Entities.

9. Make unscheduled inspection during Official working days of Regulated Entities, their headquarters and affiliated buildings without the need for any prior authorisation, and inspection of people and private places with permission from the Competent Prosecution.

10. Request the presence of Senior Officials with the approval of the President of the State, and summon other Officials of the Regulated Entities, their employees, anyone assigned to a public service, or any other person, if the Authority finds, after examining the papers and documents, the need to investigate him or to his statements, in order to conduct an examination of the reports and administrative investigation.

11. Review the bank accounts of the government and Regulated Entities.

12. Request the Public Prosecution to review the bank accounts and personal data of any natural or legal person for the purposes of examining reports and administrative investigation, taking into account applicable legislation.

13. Cooperate with and seeking the assistance of the security and police agencies in the State, each according to its specialisation, to conduct investigations and investigations, collect evidence and facts, and accompany during entry and search of places.

14. Cooperate and coordinate with local, federal, regional and international bodies in areas related to its work, concluding agreements with them, and joining regional or international organisations specialised in areas related to the Authority work, taking into account the legislation in force in the State.

15. Suspend the employee or those in charge of the Regulated Entity from work temporarily for the administrative investigation for a period not exceeding six months, renewable for a period not exceeding another six months in accordance with the controls and procedures stipulated in the Anti-Corruption Procedures Regulations as follows:

   A. With the approval of the President of the State in the case of Senior Officials.

   B. In consultation with the Head of the Presidential Court and with the approval of the Prime Minister, in the case of those assigned to public office in the category of Assistant Under-secretary and Executive Director.

   C. By decision of the Chairman of the Authority in the case of those assigned to public service from the category of employees of Regulated Entities and Officials of the executive management of government institutions and companies.

16. Assign the Internal Auditor in the Regulated Entity to any tasks he deems necessary after notifying the head of that entity.

17. Outsource any of the Authority work to any other party in a way that does not conflict with the Authority objectives, competencies, and main powers, as the Chairman of the Authority deems appropriate.