The following controls shall be observed upon publishing the violation:

1. The administrative penalty applicable to the violation shall be any of the following penalties:

    a. financial fine exceeding (50) fifty thousand dirhams;

    b. Temporary suspension of business;

    c. Temporary suspension of trading;

    d. Revocation of license or Delicensing of the entities licensed by the Authority;

    e. Suspending or revoking the accreditation of employees of entities licensed by the Authority;

    f. Suspension or cancellation of the securities listed on the market.

2. The expiration of the time limit prescribed for appealing the resolution imposing the administrative penalty without appealing it, or upon the issuance of a resolution to dismiss the appeal in accordance with the legislation regulating the work of the Authority;

3. After completing the procedures of referring the person to the Public Prosecution in the cases in which the Authority decides referral to the Public Prosecution.