Royal Decree 56/2022 Promulgating the System of the Oman Chamber of Commerce and Industry

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Law of the Commercial Register promulgated by Royal Decree 3/74,

the Commercial Agencies Law promulgated by Royal Decree 26/77,

the Commercial Law promulgated by Royal Decree 55/90,

the Capital Market Law promulgated by Royal Decree 80/98,

and the System of the Oman Chamber of Commerce and Industry promulgated by Royal Decree 45/2017,

and in pursuance of public interest,

have decreed as follows

Article I

The provisions of the attached system shall apply in regard to the Oman Chamber of Commerce and Industry.

Article II

The Chairman of the Board of the Oman Chamber of Commerce and Industry shall issue the executive regulation of the attached system, within a period not exceeding one year from the date of its entry into force, and he shall also issue the financial, administrative, and other regulations and decisions necessary to implement the provisions of the attached system, provided that the executive regulation is published in the Official Gazette. Until such regulations and decisions are issued, the existing regulations and decisions shall continue to operate to the degree that they do not contradict with the provisions of the attached system.

Article III

The aforementioned System of the Oman Chamber of Commerce and Industry promulgated by Royal Decree 45/2017 is hereby repealed, as well as all that is contrary to the attached system or is in conflict with its provisions.

Article IV

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 5 Dhu Al-Hijja 1443
Corresponding to: 4 July 2022

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1449 issued on 13 July 2022.