Ethiopia Commodity Exchange Authority Proclamation (No. 551 of 2007)

ÃNÇ êU Unit Price nU¶T Uz¤È ±.œ.q.Ü *¹þ1 Negarit G. P.O.Box 80001 yxþT×eà ØÁ‰§êE ÄþäK‰sþÃêE ¶pBlþK ØÁ‰L nU¶T Uz¤È FEDERAL NEGARIT GAZETA OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA bxþT×eà ØÁ‰§êE ÄþäK‰sþÃêE ¶pBlþK yÞZB twµ×C MKR b¤T «ÆqEnT ywÈ ¥ W Å Aዋጅ ቁጥር 5)%1/09)(9 ›.M የኢُዮጵያ ُץו ገበያ ֳֹוስָጣን גּהּהדያ አዋጅ… ገጽ 3¹þ9)05 CONTENTS Proclamation No. 551/2007 Ethiopia Commodity Exchange Authority Proclamation Page 3915 አዋጅ ּׁשጥ9)(%1/09(5 ץ የኢُዮጵያ ُץו ገበያ ָםֳֹוጣን ֳוּהּהד የወጣ አዋጅ ግብይُ ٤ِץו ናץናዊ የግብאጣፋና ዘָׂש ኑ፣ֲאግ አስፈֶጊ በנድד ץዓُ እንዲፈጠץם የُץו ግብይُ ץםዓً ፍּُዊ፣ ግָጽና የֶׂשـጠፈ ֲאኑን ֳנדጋገጥና በገበያው የגሳـፉُንו ֲነ በአጠቃֶይ የ٭ብּשרـנን ጥቅו ገኘً፣אኖ በֲ ּתገـ ስጠበቅד ይֱንንדֳ וድנግ ያስ٤ָ ዘንድ የُץו ግብይُ ץםዓًን የּבגጣጠץ የאንግُם አካָ ገኘً፣אአስፈֶጊ ֲኖ በ וּהּהד በኢُዮጵያ ፌዴֶףዊ ዴזክתףያዊ עፐብֵክ ሕገ אንግًם አንׂשጽ %5/1/ ُנטא የגከֳـው ٍውጇָ፡፡ ክፍָ አንድ ጠቅֶֶ 1. አጭץ ץዕስ ይֱ አዋጅ “የኢُዮጵያ ُץו ገበያ ֳֹוስָጣን ብֹـ ”9)(%1/09(5 ץጥּׁש ያ አዋጅגּהּהד ֵጠׂשስ ይ٤ֶָ፡፡ PROCLAMATION NO.551/2007. A PROCLAMATION TO PROVIDE FOR THE ESTABLISHMENT OF THE ETHIOPIA COMMODITY EXCHANGE AUTHORITY WHEREAS, it is found necessary to establish an efficient and modern agricultural commodities marketing system; WHEREAS, it is essential to ensure that the marketing system is fair, transparent and efficient to protect the interests of the different actors of the system and the public at large; WHEREAS, in order to achieve foregoing it has become necessary to establish a government organ entrusted with the responsibility of regulating the proper functioning of a commodity exchange; NOW, THEREFORE, in accordance with Article 55 Sub-Article (1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: PART ONE GENERAL 1. Short Title This Proclamation may be cited as the “Ethiopia Commodity Exchange Authority proclamation No. 551/2007.” xo‰ሦስተኛ ›mT qÜ R ^2 xÄþS xbÆ ነּሴ @9 qN 09)(9 13th Year No. 62 ADDIS ABABA 4th September, 2007 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3916 הጓץُ .2 የቃִ አገֹוብ ֶַ ُץጉו የגያרጠው ካֲָነ በץׂש፣ በዚֱ አዋጅ ውስጥ፤ 1/ “የክፍያ אፈጸגያ ֳُד ”וּהـ በُץו ገበያ ወይו በָםֳֹוጣኑ እውቅና ያገኘ የአገץ ውስጥ ֹוንክ ወይאـ וሳሳይ የፋይናንስ וּהـ ነው፤ 2/ “የክፍያና ץክክብ አፈጻጸֳُד ”ו አንድ ድץጅُ በአገናኝነُ ወይו በአּתףףׂשነُ የףטגበُ םነ ץםዓُ ֲኖ፣ ድץጅً ֳግብይً አፈጻጸו የገዢና የָךጭን גና በאውרድ በـዋዋይ ወገኖ٤ የרגጡُን ُዕዛዞ٤ የגያስٍץቅበُና የገንዘብ ክፍያና ነው፤ ץףטበُ አוፈጸגክክብ የץ ُץו ከֶַ አንድ ዓይነُ ֳُד ”ُץו“ /3 ጋֳא ץዋወጥ የُץו ٤ָג ነው፤ 4/ “የُץו ገበያ” ֳُד ወጥ ֲነው በـዘጋጁ በُוፈጸגግብይُ የ ነክ ውֹ٤ ُץו የُץו ገበያ ነው፤ 5/ “ውָ” ُץוֳ ֳُד ገበያ ግብይُ ָֹות አንድን אֳ ُץוግዛُ ወይאֳ ו₪ጥ ወጥ ֲኖ የـዘጋጀና የًץוን אጠን፣ ዋጋ፣ ደנጃ፣ ـፈጻג የֲגንበُና የץ ًץוክክብ የגፈጸוበُን ׂשን በዝץዝץ የגያካُُ ስווነُ ነው፤ 6/ “አስْኳይ ሁኔٍ” ֳُד የאֳـዱُን የገበያ ـግُףֹו የגከֳክָ דናْውו ከፍـኛ የֲነ የገበያ ׂשውስ ነው፣ 7/ “የግብይُ ፈጻ٤ֳַֹ ֳُד ”ג ወይשףֳ ו ጥ₪אግዛُና በאግብይُ ውֹ٤ን በ ُץוየ ָת ንግድ ףם የףדטـ በָםֳֹוጣኑ ዕውቅና ያገኘ ው ነው፤ר וንኛውד 8/ “የውስጥ አዋּׂש ንግድ” ֳُד የـጣֳበُን ከፍـኛ እוነُ ወይו አደף ውይו በእוነُ ወይו በአאኔٍ ֶይ የـנטאـን ֶַ ግንኙነُ በדፍנስ ֳሕዝብ ያָـገֳጸ נאጃን በאጠוׂש የُץו ግብይُ ውָን אግዛُ ወይא ו₪ጥ ነው፤ 9/ “አሳሳ٤ ድץጊُ” ֳُד የُץוን ዋጋ ወይא וጠን በֳאـከـ የገበያ ያֵָָٍ וሳٍፊዎ٤ን ֵያሳስُ ወይـ የד ٤ָגናْውו ድץጊُ ነው፤ 2. Definitions Unless the context otherwise requires, in this Proclamation: 1/ “clearing institution” means the Ethiopia Commodity Exchange or domestic bank or similar financial institution recognized by the Authority; 2/ “clearing and settlement” means the procedure by which an organization acts as an intermediary and assumes the role of a buyer and seller for Exchange traded transactions in order to reconcile orders between transacting parties, and insures the physical or financial settlement of the transaction; 3/ “commodity” means a product which is interchangeable with another product of the same kind; 4/ “commodity exchange” means an exchange where standardized commodity-linked contracts are traded; 5/ “contract” means a standardized agreement to buy or sell a specified commodity, detailing the amount, grade and price of the commodity and the date on which the contact will mature and become deliverable for purposes of trading on the Exchange; 6/ “emergency” means any major market disturbance, which prevents the normal functioning of the market; 7/ “exchange actor” means any person recognized by the Authority who engages in the business of buying and selling Exchange traded contracts for others or for his own account. 8/ “insider trading” means buying or selling an Exchange traded contract using nonpublic information, in breach of a fiduciary duty or other relationship of trust and confidence. 9/ “manipulation” means any conduct likely to mislead or deceive market participants concerning the value and/or trading volume of a commodity. 3¹þ9)06 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3917 0/ “የאያዢያ ገንዘብ” ֳُד ግ™ ፈጻגዎ٤ በገበያ ֶይ ֳגፈጸُב አንድ ግብይُ በאያዣነُ ֵያስוׂשጡُ የגገֹו ገንዘብ ነው፤ 01/ “አُץוֳ ֳُד ”ָֹו ገበያ የגጠይׂשውን የአָֹוነُ אאዘኛ የגያד ֶחንኛውו ው ነው፤ר በሕግ וው ወይר צፈጥـየ ֳُד ”ውר“ /02 የרውነُ אብُ የרـጠው አካָ ነው፤ ክፍָ ሁֳُ የُץו ገበያ ָםֳֹוጣን וּהּהא 3 1/ የኢُዮጵያ ُץו ገበያ ָםֳֹוጣን /ከዚֱ በኋֶ “ָםֳֹוጣን” እየֳֹוـ የגጠף/ וּהـ ُםንግא ָףየፌዴ ን የ٢ֳשף ֲኖ በዚֱ አዋጅ ָחּׁשּהـ፡፡ סኒስُג ነً ֳጠቅֶይעጠـ ጣኑָםֳֹו /2 ይֲናָ፡፡ 4. ዋና עםאያ ቤُ የָםֳֹוጣኑ ዋና עםאያ ቤُ አዲስ አበֹו ֲኖ እንደአስፈֶጊነً በַֹ٤ ቦٍዎ٤ ቅץንጫፍ ፡፡ָٍסይኖ ያ ቤِ٤עםא 5. ዓֶדዎ٤ የָםֳֹוጣኑ አጠቃֶይ ዓֶד ውጤٍד የֲነ ዘאናዊ የאገበያያ ץםዓُ אገንֹًוን נדጋገጥ፣ የُץו ገበያው አስדדـኝ፣ ግָፅና የנـጋጋ አץףט እንዲኖנው ּבאጣጠץ፣ እንዲሁו የָךጮ٤ን፣ የገዢዎ٤ን፣ የአገናኞ٤ንና በአጠቃֶይ የሕብּשרـנን ዎ٠דዓֶ ץዝץስጠበቅ ֲኖ ዝד וብُና ጥቅא የגከִُـ ናْው፣ 1/ በ٪ֶፊነُ የגከናወኑ የፈጠףם ףዎ٤ን የገበያ ሳٍፊዎ٤ـ የገበያ ו፣ ሁִٍٍُנበד በገበያዎ٤ና וግ ወይנድד ጃ እንዲያገኙנא በገበያ ـሳٍፊዎא ٤ካከָ የגደנጉ ـገּת ውድድ٤צን דዳበץ፤ 2/ ዋጋን በֳאـከـ አሳሳ٤ ድץጊُን ወይו ֶַ የገበያውን ֱָውና የגያናጋ ድץጊُን ከֶከָ፣א ግٍُናא 3/ ይֱን አዋጅ ُנטא በדድנግ የግብይِ٤ን የፋይናንስ አוּה የאጠበቅና አጠቃֶይ የገበያ ًרእንዳይከ ያናጉ አደጋዎ٤גዓًን የץם ከֶከָ፤א 10/ “margin” means the funds, which must be deposited by Exchange Actors as collateral for a given transaction on a Commodity Exchange. 11/ “member” means any person that fulfills the requirements of a Commodity Exchange. 12/ “person ” means any physical or juridical person. PART TWO THE ETHIOPIA COMMODITY EXCHANGE 3. Establishment 1/ The Ethiopia Commodity Exchange Authority (hereinafter “Authority”) is hereby established as an autonomous public institution of the Federal Government. 2/ The Authority shall be accountable to the prime Minister. 4. Head Office The Authority shall have its head office in Addis Ababa and may have branch offices elsewhere, as necessary. 5. Objectives The general objective of the Authority shall be to ensure the development of an efficient modern trading system, and to regulate and control the secure, transparent and stable functioning of a Commodity Exchange and to protect the rights and benefits of sellers, buyers, intermediaries and the general public. Its specific objectives are to: 1/ promote responsible innovation, access to market information by all market participants and fair competition among markets and market participants; 2/ deter and prevent price manipulation or any other disruption of market integrity; 3/ ensure the financial integrity of all transactions subject to this proclamation and the avoidance of systemic risk; and 3¹þ9)07 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3918 4/ የገበያ ـሳٍፊዎ٤ን ከֳָٍאና ـገּת ካֲָኑ ַֹ٤ ድץጊِ٤ እንዲሁו የደንበኞ٤ ንብُנ አֳአግֹוብ ጥቅו ֶይ እንዳይውִ אጠበቅ፡፡ 6. የָםֳֹוጣኑ ָםጣንና ـግץֹו ٤צֹוግـ ጣንናָם ִُـከגጣኑ የָםֳֹו ይኖָٍס፤ 1/ ֳክፍያ אፈጸגያ ُדּהـ ዕውቅና የאስጠُ ወይו የאንሳُ፤ 2/ ֳግብይُ ፈጻגዎ٤ ዕውቅና የאስጠُ ወይו የאንሳُ፤ 3/ የُץו ገበያን፣ የክፍያ אፈጸגያ ץጥጥּׁש ዎ٤ንגንና የግብይُ ፈጻُדּהـ በֳאـከעאא ـያዎ٤ን የדውጣُ እንዲሁו ይֱንኑ በֳאـከـ የףאץו፣ የדፅደቅና ُክክֳኛነًን የנדጋገጥ ግ፤נድדዊ የףֹוግـ ጣኑንָם 4/ ከُץו ገበያ ףם ጋץ በـያያዘ የኢን‌ስُאንُ አדካעዎ٤ን፣ የአדካע ድץጅِ٤ን፣ የሕግ בֳֹוያዎ٤ን፣ የሂכብ አዋבֳֹו ּׂשያዎ٤ን አץףט የּבאጣጠץ፤ 5/ የُץו ግብይُ ውֹ٤ን ዝץዝץ ይዘُ፣ ከֳُאגበ ዎ٤ֲץא ያጭና ግዢֹּל ውጣُ፤דያ የעאא 6/ የُץו ግብይُ ውֹ٤ ክፍያንና ץክክብ አፈጻጸוን የּבאጣጠץ፣ 7/ ከُץו ግብይُ ጋץ በـያያዘ የውስጥ አዋּׂש ንግድን፣ ֳָٍדንና ـገּת ያֲָነ የንግድ አץףטን ֳאከֶከָ የגያስـ ٤ִገּת እוץጃዎ٤ን የאውרድ፤ 8/ ከፌዴָף ዋና ኦዲץـ ጋץ በֹוـאበץ የُץו ግብይُን በֳאـከـ የገֳָـኛ የኦዲُ አֲץא ץףטዎ٤ን የאወרን፤ 9/ በዚֱ አዋጅ ُנטא በእጁ የገּُשን ወይו የֳּُשנׂשን የሂכብ אግֳጫዎ٤፣ עፖ٤ِץና ገበያው፣ ُץו፣ ከץאץאאየ ነዶ٤ר ٤ַֹ ከክፍያ אፈጸגያ ُדּהـ፣ ከግብይُ ፈጻגዎ٤፣ ከውስጥና ከውጭ ኦዲע ٤צـፖُץ እንዲץׂשብֳُ የאጠየቅ፤ 0/ ከُץו ገበያና ከገበያ ጋـ ץያያዠነُ ያֶْውን ጉዳዮ٤ በֳאـከـ የגፈጸב የሕግ אጣስ ድץጊِ٤ን የץאץאאና እוץጃ የאውרድ፤ 4/ protect all market participants from fraudulent or other abusive trading practices and misuse of customer assets; 6. Powers and Duties of the Authority The authority shall have the powers and duties to: 1/ grant or withdraw recognition of any Clearing Institutions: 2/ grant or withdraw recognition of any Exchange Actors; 3/ formulate directives concerning regulation of a Commodity Exchange, Clearing Institutions and Exchange Actors and to exercise its power of examination and approval or verification of the same; 4/ regulate the conduct of investment advisors, consulting companies, law practices, accounting professionals, as it relates to a Commodity Exchange’s businees; 5/ issue directives on the specifications, sale and purchase principles of any Exchange traded contracts; 6/ regulate the clearing and settlement of Exchange trade contracts; 7/ take appropriate measure to prevent insider trading, fraudulent and unfair trade practices relating to Exchange traded contracts; 8/ determine the principles related to independent auditing operations as they relate to Exchange transaction, in consultation with the Federal Auditor General; 9/ inspect financial statements, reports and other documents it obtained or submitted to it in accordance with provisions of this proclamation, to request reports from a commodity Exchange, clearing Institutions, Exchange Actors, and internal and independent auditors; 10/ investigate and act upon violations of laws concerning the regulation of a Commodity Exchange and related businesses; 3¹þ9)08 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3919 01/ የُץו ገበያን ـףטኞ٤ በֳאגከُ ስֳגደנግ ּׁשጥጥץ እንዲሁו ከאብُና ግዴٍْው ጋـ ץያያ™ነُ ያֶْውን ደንቦ٤ንና ֲץאዎ٤ን በֳאـከעאא ـያ የדውጣُ፤ 02/ የُץו ገበያን የክץክץ አፈٍُ עאאያና ዓُ ያጸድቃָ፤ץם 03/ የُץו ገበያ ּׁשጥጥץን እንዲሁו የግብይُ ፈጻגዎ٤ን፣ የክፍያ אፈጸגያ ُדּהـን፣ የግብይُ ፈጻגዎֱד ٤በץን ዕውቅናንና ያעאא ጣኑָםֳֹוበ ـከֳאـን በץጥጥּׁש በـደነገገው ُנטא ክፍያዎ٤ የדስከፈָ፤ 04/ ከُץו ገበያ ጋـ ץያያ™ነُ ያֶْው ጉዳዮ٤ን በֳאـከـ ֳሕዝብ የרגጠውን ሳደግ፤דየ ُץֱוُ 05/ አግֹוብ ካֶْው የאንግُםና የግָ አካֶُ ጋץ የףם ግንኙነُ የאፍጠץና የֹוـאበץ፡፡ 7. የאዳኘُ ָםጣንና ጉዳዮ٤ን ስֳُףוא ּׁשወድגጣን ክִָ ውስጥ የָםጣኑ በָםֳֹו /1 ጉዳዮ٤ን በגዳኝበُ ጊዜ፡ ሀ/ דንኛውንר וው የאጥُףና በጥעው ֶּא ግ፣ ቃֳנድדእንዲገኝ የ ُנטא በדስፈጸףאץו ו የדካְድ፣ ነድ እንዲፈֳግናר וናْውד /ֳ እንዲץׂשብ የאጠየቅ፣ ּ/ በቃֳ ֶּא የנـጋገጠ דስנጃ የׂשאበָ፣ וነድ ወይר ُםንግאየ וየሕዝብ ወይ /א ኮፒውን ከדናْውעםא וያ ቤُ እንዲץׂשብֳُ የאጠየቅ፣ እና ድ፣רውאጃ የוץዊ የቅጣُ እףዳደـአስ /ט ዋָ፡፡נጣን ይኖָם 2/ ከُץו ገበያ ጋץ በـያያዘ የـፈጸא ወንጀָ ው የፍُሕـከֳאגֳ ው ጉዳዩንאያጋጥת አካָ דስֳֶـፍ አֳበُ፡፡ ውר וናْውד ገ በኋֶנእንዲካְድ ካደ ףאץו /3 የዚֱን አዋጅ ድንጋጌዎ٤ ወይו በዚֱ አዋጅ וገኘ ወይـያዎ٤ን ጥሶ ከעאא የወጡ ُנטא ֵጥስ የֲא ٤ָגኑ ከנـጋገጠ፣ የֳֹוـው רው ድץጊًን ከאፈጸו እንዲገٍ ُዕዛዝ אስጠُ ይ٤ֶָ፡፡ 11/ issue directives on the rules and principles relating to supervisions, rights and duties of those who shall be employed at a Commodity Exchange; 12/ approve the dispute settlement rules and procedures of a Commodity Exchange; 13/ levy fees and charges related to the regulation of a Commodity Exchange and recognition and regulation of Exchange Actors, Clearing Institutions and Exchange Actors Associations, as prescribed by its directive; 14/ promote public education regarding a Commodity Exchange and related businesses; and 15/ liaise and collaborate with appropriate public and private bodies. 7. Adjudication and Referral of Cases 1/ The Authority shall, in adjudicating cases falling under its jurisdiction, have the power to: a) summon and enforce the attendance of any person and examine him under oath; b) require the discovery and production of any document; c) receive evidence on affidavits; d) requisition any public record or copy thereof from any office; and e) take administrative sanctions; 2/ When any criminal offence related to the operation of a Commodity Exchange comes before the Authority, the Authority shall forward the case to the appropriate judicial body. 3/ If the Authority finds, after causing an inquiry to be made, that any person has violated, or is likely to violate any provisions of this Proclamation or any directives made hereunder, the Authority may pass an order enjoining such person from committing such violations. 3¹þ9)09 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3920 8. ስֳָםֳֹוጣኑ አוּה ጣኑ፣ָםֳֹו 1/ የُץו ገበያ ቦץድ /ከዚֱ በኋֶ “ቦץድ” እየֳֹוـ የגጠף/፣ 2/ በאንግُם የגሾו ዋና ዳይפክץـ፣ እና፣ 3/ አስፈֶጊ ـףטኞ٤፣ ይኖָٍס፡፡ 9. የቦץድ አֶֹُו 1/ ቦץዱ የגከִُـን ይይዛָ፣ ሀ/ አንድ ֵאׂשንበץ፣ ֳ/ ከግብץናና የገጠג ُדָ ץኒስَץ የאגደብ አንድ አָֹו ּ/ ከገንዘብና ኢኮኖג ُדָ גኒስَץ የאגደብ አንድ አָֹו፣ אגየ ץኒስَג עከንግድና እንዱስُ /א ደብ አንድ አָֹו፣ እና ደብאגንክ የֹו ዊףከኢُዮጵያ ብְ /ט አንድ አָֹו፡፡ 2/ የָםֳֹוጣኑ ዋና ዳይפክץـ በቦץዱ ስብֹורዎ٤ ֶይ በአָֹוነُ ይሳـፋָ፡፡ 3/ የቦץዱ ֵאׂשንበץና በዚֱ አንׂשጽ ንዑስ አንׂשጽ /1/ የֳאـከًُ አֶֹُו በאንግُם ይሾִד፡፡ 4/ የָםֳֹוጣኑ עאאያ እንደـጠበׂש ֲኖ፣ וንኛውד ץׂשደ በׂשጣኑ ካָፈָםֳֹו የቦץድ አָֹו ወይו ዋና ዳይפክסـ ስُמ ִֹُו צוን ጀׂש በׂُשׂשውን ከֳףם ዓٍُא ውስጥ በግብይُ ףם ֶይ ከףדרـ ץቅጥ ףםጅُ የץድ וው ወይר וንኛውד ያያዘـበ ץው ጋףםከ וበָ ወይׂשא በדናْውُףדרא ףם ו አይו٤ָ፡፡ 0. የቦץዱ ָםጣንና ـግץֹו 1/ ቦץዱ በዚֱ አዋጅ አንׂשጽ 6 ֳָםֳֹוጣኑ የרـጠውን ָםጣንና ـግףם ץֹו ֶይ ያውֶָ፡፡ 8. Organization of the Authority The Authority shall have: 1/ an Exchange Authority Board (hereinafter the ”Board”); 2/ a Director General to be appointed by the Government; and 3/ the necessary staff. 9. Members of the Board 1/ The Board shall constitute: a) a Chairperson b) a Board member from the Ministry of Agriculture and Rural Development: c) a board member from the Ministry of Finance and Economic Development; d) a Board member from the Ministry of Trade and Industry; and e) a Board member from the National Bank of Ethiopia. 2/ The Director General of the Authority shall participate in the meetings of the Board with a status of a member. 3/ The Chairperson and members of the Board referred to in sub-article (1) of this Article shall be appointed by the Government. 4/ Board members or the Director General, for a period of three years from the date on which they cease to hold office, except with the previous approval of the Authority, shall not conduct any business related to or accept any employment with any person or entity dealing with transactions subject to directives by the Authority. 10. Power and Duties of the Board 1/ The Board shall exercise the powers and duties of she Authority specified under Article 6 of this Proclamation 3¹þ9)@ gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3921 2/ ቦץዱ በዚֱ አዋጅ ֳָםֳֹוጣኑ የרـጠውን נቅאየ תፖֵ ـከֳאـበ ץֹוግـ ጣንናָם ጽና የָםֳֹוጣኑን ףםዎ٤ በበֶይነُ የָם ُףואጣን ይኖנዋָ፡፡ 01. ስֳቦץዱ የስብם ֹורነ ץםዓُ 1/ በዚֱ አዋጅ በـደነገገው ُנטא ከָםֳֹוጣኑ ָםጣንና ـግץֹו ጋץ በـያያዘ ֳቦץዱ የץׂשגብ דናْውו ጉዳይ ቦץዱ በአብֶጫ ድוፅ ይወስናָ፣ ድוፁ እኩָ ֳእኩָ የـከፈֳ እንደֲነ የቧץዱ በُ ጊዜץይኖדው በּתብሳר וወይ ּתብሳר ስብֹורውን የףאው የቦץድ አָֹו ሁֳـኛ ወይו ወሳኝ ድוፅ ይኖנዋָ፡፡ 2/ በָםֳֹוጣኑ עאאያዎ٤ በֳאـከًُ וንُ አንድ ጊዜ ወይוዱ በሳץቦ ُנטא ዋና ዳይפክת סـጠየቅ ይרበָֹור፣ የስብֹור ֹורዱ ስብץበቦ צוዔን ጨֹוጉ ـዐָו ስֳגከናወኑ ףםዎ٤ በָוድ ֹוׂשـይነُ ያገኙ የስብם ֹורነ ץםዓُ ደንቦ٤ን ያከብִף፡፡ 3/ የቦץዱ ֵאׂשንበץ በדናْውו וክንያُ በቦץዱ ስብא ֹורገኘُ ያָ٢ֳ እንደֲነ፣ በרብሳּתው የـወከֳ ֶַ דንኛውו የቦץድ አָֹו ስብֹורውን በרብሳּתነُ ይָףא፡፡ 02. የዋና ዳይפክָם סـጣንና ـግץֹו 1/ ዋና ዳይפክסـ የָםֳֹוጣኑ ዋና ףם አስፈጻג ֲኖ የָםֳֹוጣኑ የዕֳُ ـዕֳُ ፣ָףዳድـ፣ ያስָףאዎ٤ን ይףם በֳـይו ሀ/ የግብይُ ـሳٍፊዎ٤ና የክፍያ አፈጻ ጸו ክָُُ፣ ֳ/ የገበያ ክָُُ፣ ּ/ የሕግ አፈጻጸו ክָُُ፣ ዎ٤ን በበֶይነُףםና፣ـንُ גየኢኮኖ /א የאከָٍם ָـጣንና ـግץֹו ይኖנዋָ፡፡ 2/ በዚֱ አንׂשጽ ንዑስ አንׂשጽ /1/ የֳאـ ከـው አጠቃֶይ አነጋገץ እንደـጠበׂש ֲኖ፣ ዋና ዳይפክסـ፣ ሀ/ በፌዴת ָףቪָ ץרቪስ ሕጐ٤ ኞ٤ـףט ጣኑንָםֳֹוየ ُנטא ይׂשጥָף፣ ያስـዳ ድָף፣ 2/ The Board shall have the power to formulate policy related to the powers and duties of the Authority as prescribed under this proclamation and oversee the functions of the Authority 11. Procedures of the Meeting of the Board 1/ All issues related to the function of the Authority as prescribed under this Proclamation that come before the Authority shall be decided by a majority of votes to members of the Board and in the event to equality of votes, the Chairperson of the board or in his absence, a board member designated by the Chairperson shall have a second or casting vote. 2/ The board shall meet weekly, or as the Director General so requests, and shall observe customary rules of procedure with regard to the transaction of business at its meetings including quorum as may be provided by directives. 3/ If for any reason, the Chairperson is unable to attend the meeting of the Board, any other Board member designated by the Chairperson shall preside at the meeting. 12. Power and Duties of Director General 1/ The Director General shall be the chief executive officer of the Authority and shall direct and administer the operational activities of the Authority, including but not limited to: a) Exchange Actors and Clearing Oversight; b) Market Surveillance and Oversight; c) Enforcement; and d) Economic Analysis. 2/ Without limiting the generality of sub-article (1) of this Article, the Director General shall: a) employ and administer the employees of the Authority, in accordance with federal civil service laws; 3¹þ9)@1 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3922 ֳ/ የָםֳֹוጣኑን ዓٍאዊ የףם ፕצግוףና በጀُ ያዘጋጃָ፣ תፀድቅו ያስፈጽָד፣ ּ/ በፀደׂשው የָםֳֹוጣኑ በጀُ ُנטא ገንዘብ ወጪ ያደץጋָ፣ ץያደגበ ץጋ ዎ٤ר ኛـስמጣኑ ከָםֳֹו /א ገው ግንኙነُ ሁִ ָםֳֹוጣኑን ይወክֶָ፣ እንቅስቃሴ ףםጣኑን የָםֳֹוየ /ט በֳאـከע ـፖُץ ያָֹוץׂש፡፡ 03. የָםֳֹוጣኑን ָםጣንና ـግץֹו በውክָና ስֳאስጠُ 1/ በአንׂשጽ 6 ንዑስ አንׂשጽ /1/፣ /3/፣ /5/፣ /01/ እና /02/ ከֳאـከًُ በስץׂשـ፣ ጡُንרـጣኑ በዚֱ አዋጅ የָםֳֹו ፣ُףֹוግـ ጣንናָם ሀ/ በָםֳֹוጣኑ ֳד אּהּהـናْውו ኮَג፣ ወይו ገበያ፣ ُץוֳ /ֳ በውክָና אስጠُ ይ٤ֶָ፡፡ 2/ በዚֱ አንׂשጽ ُנטא የרـጠ ውክָና የָםֳֹוጣኑን ָםጣንና ـግُףֹו ጐን ֳጐን ـግףֹוዊ דድנግን አይከֳክָו፡፡ 3/ የዚֱ አንׂשጽ ንዑስ አንׂשጽ /1/ እና /2/ ጣኑ በዚֱ አዋጅָםֳֹו ፣וץኖּת የרـጡُን ָםጣንና ـግףם ץֹו ֶይ የדዋָ ٪ֶፊነُ አֳበُ፡፡ 04. በ ጀ ُ የָםֳֹוጣኑ በጀُ በאንግُם ይאደָֹו፡፡ 05. የሂכብ אዛግብُ ና ُክክֳኛ የֲነֶחـጣኑ የָםֳֹו /1 የሂכብ אዛግብُ ይይዛָ፡፡ 2/ የָםֳֹוጣኑ የሂכብ אዛግብُና ገንዘብ ነክ רነዶ٤ በፌዴָף ዋና ኦዲץـ ወይו እשץ በגወክֶْው ኦዲ٤צـ ይנא ፡፡ִףא b) prepare the annual work program and budget of the Authority, and implement same, upon approval by the Board; c) effect expenditure in accordance with the budget approved for the Authority; d) represent the Authority in all its dealings with third parties; and e) submit reports on the activities of the Authority. 13. Delegation of Powers and Duties of the Authority 1/ The Authority may delegate any of its powers or duties under this Proclamation, except the powers and duties described under sub-articles 1, 3, 5, 11 and 12 of Article 6, to: a) any committee established by the Authority; or b) a Commodity Exchange. 2/ A delegation under this Article shall not prevent the concurrent performance or exercise of the powers and duties of Authority. 3/ Notwithstanding Sub-Article (1) and (2) of this Article, the Authority is responsible for the carrying out of its powers and duties under this proclamation. 14. Budget The budget of the Authority shall be allocated by the Government. 15. Books and Accounts 1/ The Authority shall keep complete and accurate books of accounts. 2/ The Authority’s books of accounts and financial documents shall be audited annually by the Auditor General or by Auditors designated by him. 3¹þ9)@2 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3923 ክፍָ מስُ ֳግብይُ ፈጻגዎ٤ ዕውቅና ስֳאስጠُ 06. እውቅና የדግኘُ አስፈֶጊነُ ጣኑ እውቅና ካֶገኘָםֳֹוው በר וንኛውד /1 በץׂש፣ በُץו ገበያ ወይו በُץו ገበያ ֶይ ደንቦـ ٤ፈጻג የֲגኑበُን דናْውንו የُץו ግብይُ ውָ በግብይُ ፈጻגነُ ጥ፣ ُዕዛዞ٤ን₪אֳ וግዛُ ወይאֳ ፡፡וበָ አይ٤ָׂשאֳ וፈֳֶግ ወይדֳ 2/ በግብይُ ፈጻגነُ እውቅና ֳדግኘُ የגፈָግ דንኛውר וው ֳָםֳֹוጣኑ በָٍ፡፡ץይኖ ֹُוስገד ከ٢ָאד ُנטא ያעאא ጣኑָםֳֹוከ٢ው በָאד በـዘጋጀው ቅጽና የአנףׂשብ ץםዓُ ጣኑ አስፈֶጊ ናْውָםֳֹו ُנטא የֶْגውን נאጃዎ٤ና ፍפ ነገ٤צ አካِ ጣኑ ከጊዜ ወደָםֳֹו በָٍ፡፡ץብ ይኖנቅא ጊዜ ـገּת የֳראውን የእውቅናና የእውቅና ዕድሳُ ክፍያዎ٤ ይወስናָ፣ ـግቦףዊ ያደץጋָ፡፡ 07. እውቅና ֳדግኘُ ֶُחא ስֳגገֹْוው ሁኔٍዎ٤ ው፣ר ክֳُאያגእውቅና የֳ וንኛውד 1/ የףדרـበُን የንግድ דֳ ףםከናወን አግֹוብ ֳֹוው አካָ የרـጠ ፈቃድ ያֳው፣ 2/ በָםֳֹוጣኑ עאאያዎ٤ የـወרነውን አነስـኛውን የካፒָٍ אጠን የגያֶח፣ 3/ በָםֳֹוጣኑ עאאያዎ٤ የֳאـ ከـውን አነስـኛውን የُُץֱו ወይו የንግድ ብቃُ אאዘኛዎ٤ን የגያֶח፣ 4/ የגሳـፍበُን የንግድ ዘץፍ የֳאגከً ٤ָ፣גብ የנቅד ጃዎ٤נא 5/ የቅץንጫፍ ጽሕፈُ ቤِףם ٤ አስኪያጆ٤ ስ٤זንና አድָךף ዎ٢ْውን እንዲሁו የץֹּלክና ድץጅُ ከֲነ የ٪ֶፊዎ٠ንና የ₪עኮ٠ን ስ٤ז፣٪ֶፊነً የـወרነ የግָ ከֲነ ץበ٭ד ዮንתየአክ וወይ ץበ٭ד የ٪ֶፊዎ٠ን፣ የዳይפክ٠ץـንና የֳֹוአክתዮኖ٠ን ስא ٤זግֳጽ፣ 6/ በגገֹו የـደףጀ የንግድና የአደጋ ዓُ ያֳው፣ እናץם ץףאአ ץጥጥּׁש 7/ በָםֳֹוጣኑ עאאያዎ٤ የגወרኑ ን፣ֲא ֶחያגዘኛዎ٤ን የאא ٤ַֹ አֳበُ፡፡ PART THREE RECOGNITION OF EXCHANGE ACTORS 16. Recognition 1/ It shall be unlawful for any person to engage as an Exchange Actor in soliciting orders or accepting orders for the purchase or sale of any Exchange traded contracts, on or subject to the rules of a Commodity Exchange, unless recognized by the Authority. 2/ Any person desiring to be recognized as an Exchange Actor shall submit an application to the Authority. The application shall be made in such form and manner as prescribed by the authority’ directives, giving such information and facts, as the Authority may deem necessary. The Authority shall fix and establish from time to time reasonable fees and charges for recognition and renewal thereof. 17. Requirements for Recognition Any person desiring to be recognized as an Exchange Actor shall 1/ have a business license obtained from the appropriate body with respect to the activities he is engaged in; 2/ fulfill the minimum financial requirement prescribed by the Authority’s directives; 3/ have the minimum educational or business qualification prescribed by the Authority’s directives; 4/ provide information concerning the business in which he is engaged; 5/ submit the names and addresses of managers of all branch offices, and the names of such officers and partners, if a partnership, and of such officers, directors, and shareholders, if a private limited or share company, as the Authority may direct; 6/ have a well established business and risk management system; and 7/ fulfill other requirements stipulated by directives of the Authority 3¹þ9)@3 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3924 ስጠُאጃ ስֳנא ብናנቅדስֳ ُץፖע .8! እውቅና የרـጠው የግብይُ ፈጻג በዚֱ አዋጅ በአንׂשጽ 07 የֳאـከًُንና በָםֳֹוጣኑ የגጠየ٤ַֹ ּׁש ከףםው ጋץ የـያያዙ ُץፖע በየጊዜው ـከֳאـጃዎ٤ን በנא በָٍ፡፡ץብ ይኖנቅד !9. የግብይُ ፈጻגዎ٤ን ዕውቅና ስֳדንሳُ ጣኑ የዚֱን አዋጅ ድንጋጌዎ٤ናָםֳֹו /1 የָםֳֹוጣኑን עאאያዎ٤ በግብይُ ፈጻגው אጣשን በדሳየُ ከ1)' ׂשናُ ֶָበֳጠ ጊዜ ዕውቅናውን የדገድ ወይו የנראዝ ָםጣን רـጥָٍِ፡፡ 2/ በዚֱ አንׂשጽ ንዑስ አንׂשጽ /1/ ُנטא የእገዳ ወይו የנםዛ ውሳኔ የרגጠው ֳግብይُ ፈጻגው דስٍወּׂשያ ደץሶُ እንዲדר ከـደנገ በኋֶ ብ٢ ነው፡፡ 3/ በዚֱ አንׂשጽ ንዑስ አንׂשጽ /1/ ُנטא የእገዳ ወይו የስנዛ ውሳኔ በרـጠ በ" ኙንֹוው ይግר ነበُרወـናُ ውስጥ የׂש ֳፌዴָף ከፍـኛ ፍץድ ቤُ ካֶנׂשበ ውሳኔው የאጨָךנ ይֲናָ፡፡ 4/ በዚֱ አንׂשጽ ንዑስ አንׂשጽ /2/ ُנטא በרـጠ የእገዳ ወይו የስנዛ ውሳኔ ֶይ ይግֹוኝ ֳፌዴָף ከፍـኛ ፍץድ ቤُ ከנׂשበ ፍץድ ቤً ውሳኔ ካָרጠ ወይו ዛ ውሳኔውንנየስ וጣኑ የእገዳ ወይָםֳֹו ካֶነሳ የግብይُ ፈጻגው በُץו ግብይُ ֶይ אሳـፍ አይו٤ָ፡፡ ክፍָ አُף ֳግብይُ ፈጻגዎֱד ٤በץ ዕውቅና ስֳאስጠُ @. እ ው ቅ ና የአֶֹُוን ٍדኝነُ፣ בያዊ ብቃُና የ٤ֹٍ ደנጃ ץበֱד ዎ٤גየግብይُ ፈጻ ָֹות ጠበቅאֳ በָםֳֹוጣኑ ዘንድ በאאዝገብ በግብይُ ፈጻגዎ٤ ነُ ዕውቅና ֵያገኝ ይ٤ֶָ፡፡ץበֱד @1. የוዝገא ֹוግֳጫ በָםֳֹוጣኑ ֳאאዝገብ የגፈָግ דናْውו የግብይُ ፈጻגዎֱד ٤በץ በָםֳֹוጣኑ በـዘ ጋጀው ቅጽ ُנטא የוዝገא ֹוግֳጫው እንዲא ከֳًُאـከ ና እንዲፀድቅ ከዚֱ በٍ٤ץאנ ከָאד ጣኑָםֳֹוֳ ץጋ ነዶ٤ר ጃዎ٤ናנא ٢ውን דቅנብ ይኖץበָٍ፣ 18. Submission of Report and Furnishing of Information A person who has been recognized as an Exchange Actor shall continue to report and furnish to the authority the information specified under Article 17 of this proclamation and such other information pertaining to his business as the Authority may require. 19. Power to Suspend or withdraw Recognition of an Exchange Actor 1/ The Authority is authorized to suspend for a period not to exceed 180 days or to revoke the recognition of any Exchange Actor on a showing that such Exchange Actor has violated any provisions of this Proclamation or the directives of the Authority. 2/ Suspension or revocation under Sub Article (1) of this Article shall only be after a notice to such Exchange Actor and upon a hearing on the record. 3/ Suspension or revocation under Sub Article (1) of this Article shall be final and conclusive, unless within 30 days after such suspension or revocation by the Authority such person appeals to the Federal High Court. 4/ Any notice of suspension or revocation issued under Sub Article (2) of this Article shall remain in effect and bars the Exchange Actor from engaging in Exchange transactions until the matter is decided by the Federal High Court or terminated by the Authority. PART FOUR RECOGNITION OF EXCHANGE ACTORS ASSOCIATION 20. Recognition Any association of Exchange Actors may be recognized by the Authority as an Exchange Actors Association for the purpose of upholding and maintaining the standards of integrity, professionalism, and skills of its members. 21. Registration Statement Any association desiring recognition by the Authority shall file with the Authority for review and approval,, a registration statement, in such form as the Authority may prescribe setting forth the information and accompanied by the documents specified below: 3¹þ9)@4 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3925 1/ አግֹוብ ֳֹוው ሕግ ُנטא የـאዳደעያ ደንּשንና የ٢נםאא ጽሑፉን ኮፒዎ٤ ያው፣ ከውስጥָךָךדያ ካֳ ከነָךָךד ደንቦ٠ና ከነዚሁ ጋـ ץያያ™ነُ ያֶْው ነዶ٤፤ר 2/ ֳሕዝብ ጥቅו አስፈֶጊ ወይـ וገּת ֲኖ ጠይቃגያ የעאאጣኑ በָםֳֹו ገኝ፣ת ْው ስֳ٭דበס፣ ስֳአֶֹًו፣ ስֳስብֹור ሳሳይאـ ና ስֳַֹ٤ּשዓُ ደንץם ነם ጉዳዮנא ٤ጃ፤ 3/ የָםጠና ደנጃዎ٤ና የብቃُ ٤ֹٍ ፈـና אאዘኛ፣ 4/ ከዚֱ በٍ٤ የֳאـከًُን ֳדስከበץ የـዘנጉ የኦዲُና የדስፈጸגያ ፕצግוף፣ ሀ/ አֶֹًו ֶይ ـፈጻג የֲגኑ አነስـኛ ካፒ ָٍና የֳـያዩ ሂכቦ٤ አያያዝና ፋይና ንስን የֳאגከً ַֹ٤ ጉዳዮ٤፣ እና ֳ/ በዚֱ አዋጅ ድንጋጌዎُנטא ٤ በአֶֹًוና ከነשץ ጋץ ግንኙነُ ֶֹْוው አካְድ ֶይ ዎ٤ףם የንግድ ዎ٤ר ٤ַֹ ጃዎ٤፡፡נኛ ደـኑ አነስֲגየ גፈጻـ @2. ስֳעፖُץ በዚֱ አዋጅ ُנטא የאـዘገּש የግብይُ ፈጻגዎ٤ በָםֳֹוጣኑ תጠየּׁש በዚֱ አዋጅ አንׂשጽ !1 የֳאـከًُንና ַֹנא ٤ጃዎ٤ ግናנድד ُץፖע ጣይነׂُשጣኑ በָםֳֹוֳ ዋָ፡፡ֹْוץብ ይኖנቅד @3. ዕውቅናን ስֳאከָከָ፣ ስֳדገድና ስֳאንፈግ ُדስאየ ِץያ ጠּׂשስٍወדጣኑ በָםֳֹו ዕድָ ከרጠ በኋֶ፣ የግብይُ ፈጻגዎ٤ ץጋ ያዎ٤עאא ጣኑָםֳֹוከ ደንቦ٤ ץበ٭ד የדይጣጣב ֲነው ከـገኙ ٭דበסን የዕውቅና ንሳُדֳ וገድ ወይדֳ ከָከָ፣אֳ ֹוዝገו ይ٤ֶָ፡፡ ክፍָ አוስُ ֳክፍያ אፈጸגያ ُדּהـ ዕውቅና ስֳאስጠُ @4. ስֳአסףט 1/ በُץו ገበያ በየׂשኑ ከגካְድ የُץו ግብይُ ውֹ٤ ግዢዎ٤ና ֹּלያጮא ٤ጠን ጋץ የגስדד የክፍያና ץክክብ אፈጸגያ አץףט እንዲሁו ከُץו ግብይً ጋץ በـያያዘ የገንዘቦֳֶـא ٤ፊያ ዘዴዎ٤ ይኖָٍס፡፡ 1/ copies of its Articles and Memorandum of association under the relevant provisions of the Civil code, with all amendments thereto, and of its by-laws, and of any rules or instruments corresponding to thereto; 2/ data as to its organization, membership, and rules of procedure, and such other information as the Authority may by directives require as necessary or appropriate in the public interest; 3/ training standards and proficiency testing; and 4/ a program to audit and enforce compliance with the following standards: a) minimum capital, segregation of accounts, and other financial requirements applicable to its members, and b) minimum standards governing the trading practices of its members and persons associate therewith for transactions subject to the provisions of this Proclamation. 22. Report Such Exchange Actors Associations, when registered hereunder, shall likewise continue to report and furnish to the Authority the information required under Article 21 of this Proclamation and such other information pertaining to such Exchange Actors Association as the Authority may require. 23. Denial, suspension or withdrawal of recognition The Authority may, after notice and opportunity for hearing, deny, suspend, or withdraw the registration of any Exchange Actors Association if it finds that the rules thereof do not conform to the requirements of the Authority. PART FIVE RECOGNITION OF CLEARING INSTITUTIONS 24. Clearing and Settlement Function 1/ A commodity Exchange shall have a Clearing and Settlement function which will provide matching of all purchases and sales of Exchange traded contracts on a daily basis and a mechanism for the transfer of funds related to Exchange transactions. 3¹þ9)@5 3¹þ9)@6 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3926 ጣኑ ዕውቅናָםֳֹוው ከר וንኛውד /2 ሳያገኝ በግብይُ ክፍያና ץክክብ דስፈጸו ፡፡וአይ٤ָ ُףדטא ይֶ ףם @5. ዕውቅና ֳדግኘُ ֶُחא ስֳגገֹْוው ሁኔٍዎ٤ በክፍያ אፈጸגያ וּהـነُ ዕውቅና ֳדግኘُ የגፈָግ דንኛውר וው የגያץׂשበው ָאדከ٢ በָםֳֹוጣኑ עאאያ የֳאـከًُን נאጃዎ٤ ሳየُד ንִُـከגካ٠፣ የָאአ וይֳـያዝና በא ይኖץበָٍ፣ 1/ የֶחـ የፋይናንስ፣ የףם እንቅስቃሴና የףם አץףאና ሀብِ٤ ያִُ ֲאኑን፣ 2/ ٪ֶፊነًን በגወጣበُ ጊዜ የגያጋጥُבን ٤ግ٤צ አግֹוብነُ ያֶْውን ዘዴዎ٤ንና ያֳው ٤ֹٍ וּהּהאየ וׂשጠאዓِ٤ን በץם ኑንֲא 3/ በֳـያዩ ሁኔٍዎ٤ ውስጥ በֲאን ክፍያን በـፈֳገው ጊዜ በֶחـ ሁኔٍ የדጠናׂשቅ ٤ֹٍ ያֳው ֲאኑን፣ 4/ የגፈጽْדውን ጉዳዮ٤ በֳאـከـ ከእያንዳንዱ ግብይُ ጋץ በـያያዘ ስֳገንዘብ ፍُר የנא ֶחـጃ የאያዝ ٤ֹٍ ያֳው ኑን፣ֲא 5/ ከַֹ٤ የክፍያ אፈጸגያ ُדּהـ ጋץ ዱׂשፈـየ וናْውדው ግንኙነُ ስֳֳֹו ከًُን ድንጋጌዎ٤ናֳאـየ ٢٢ያዎ٤ד ሁኔٍዎ٤ የדክበ٤ֹٍ ץ ያֳው ֲאኑን፣ 6/ የገንዘብን ወይו የፈንድን ደ٭ንነُ ֳאጠበቅና ዓِ٤ץם ጃዎ٤ናנደ ያስ٤ִגጋገጥ የנדֳ ያִُ ֲאኑን፣ 7/ ግዴٍ አֳאወጣُን በֳאـከـ ውጤٍד፣ ፍּُዊና ጤናד አስـዳደץ እንዲኖץ የגያግዙ ደንቦ٤ና ץםዓِ٤ ያִُ ֲאኑን፣ 8/ የُץו ገበያንና የክץክץ አፈٍُ ደንቦ٤ ንገድא በֲነ דዊነُን ውጤٍףֹוግـ ִחـያግዙ የגየ וስፈጸדֳ ናָـከٍאֳ የአץףט ዘዴዎ٤ና ሀብِ٤ ያִُ ֲאኑን፣ 9/ ዘאናዊ የَክኖֹጂ ግብአِ٤ና የአץףט ዋֶْውንናא ይֶ ףם ּשֹוበአግ ዓِ٤ץם የֶחـ አቅוና ዋስُና ያֶْው ֲאኑን ያגግበُና የנደגየ ץጥጥּׁש ጋገጥנדֳ ጋጥב አደጋዎ٤ የـגነُኑበُ ፕצግוף ያֳው ֲאኑን፣ እና 2/ It shall be unlawful for any person to engage in Clearing and Settlement of Exchange transaction, unless recognized as a Clearing Institution by the Authority. 25. Requirements for Recognition of Clearing Institution Any person seeking recognition as a Clearing Institution must submit an application to the Authority for this purpose. Every application under this Article shall contain such information as may be prescribed under directives of the Authority, and in particular shall meet requirements relating to: 1/ adequate financial, operational, and managerial resources; 2/ ability to manage the risks associated with discharging the responsibilities of a Clearing institution through the use of appropriate tools and procedures; 3/ ability to complete settlements on a timely basis under varying circumstances; 4/ ability to, maintain an adequate record of the flow of funds associated with each transaction that the applicant clears; and 5/ ability to comply with the terms and conditions of any permitted netting or offset arrangements with other Clearing Institutions; 6/ standards and procedures designed to protect and ensure the safety of funds; 7/ rules and procedures designed to allow for efficient, fair, and safe management of default; 8/ adequate arrangements and resources for the effective monitoring and enforcement of compliance with rules of a Commodity Exchange and for resolution of disputes; 9/ a program of oversight and risk analysis to ensure that the automated systems function properly and have adequate capacity and security; and 3¹þ9)@6 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3927 0/ በዘאናዊ َክኖֹጂ ֶይ የًנטאـ አ٤צףט ֳአደጋ תጋֳጡ רָאـው የבּהּהגበُ ዓِ٤ና ፕֶኖ٤ץם ץףטጣፋና ፈጣን የአָׂש ያִُ ֲאኑን፣ ሳየُ አֳበُ፡፡ד @6. የክፍያ אፈጸגያ ُדּהـን ዕውቅና ስֳדገድና ስֳדንሳُ ያגፈጸא ጣኑ አንድን የክፍያָםֳֹו /1 ֳֹוከ ዓِ٤ץם ጃዎ٤ናנደ ץףטአ וּהـ בይጣጣדእንደ ץያ ጋעאא ጣኑָם በדሳየُ ዕውቅናውን የנראዝ ወይו ከ1), ׂשናُ ֶָበֳጠ ጊዜ የרـጠውን ዕውቅና የדገድ ָםጣን רـጥָٍِ 2/ የእገዳና የנטאዝ እוץጃ የגወስደው ያּׂשስٍወדበ ፊዎ٤ֶ٪ בּהـֳ እንዲያውـ ּׁُשደץጐ ֳֳֹוጉዳዩ የאስُד ዕድָ ከרـጠው በኋֶ ይֲናָ፡፡ 3/ የእገዳ ወይו የስנዛ ውሳኔ የֳֶـፈበُ רው ውሳኔ ከרـጠበُ ׂשን ጀִֹُו צו " ድ ቤُץኛ ፍـከፍ ָףናُ ֳፌዴׂש ይግֹוኝ ካֶנׂשበ ውሳኔው የאጨָךנ ይֲናָ፡፡ ክፍָ ስድስُ ስֳـከֳከִ ግብይِ٤ እና ስֳቅጣُ @7. ሕገ ወጥ ግብይُ ץው ከግብይُ ውָ ጋר וንኛውד /1 በـያያዘ፣ ሀ/ ካֳֳٍ፣ ወይו ֳ/ ካጭበנበנ ድץጅُ ከֲነ ከብְך$ ץ በדያንስና ከብץ ְך0 ץብ ከֲነ ከብרይበָጥ፣ ግֳדበ ְך1 በדያንስና ከብְך(2 ץ በדይበָጥ የገንዘብ ይדበ ُאስُ ዓוከአ וጮ ወይׂשא በָጥ እُףם ወይו በሁֳًו ይׂשጣָ፡፡ ው፣ר וንኛውד /2 ሀ/ ከግብይُ ውָ ጋץ በـያያዘ አሳሳ٤ ድץጊُ ከፈጸא፣ ֳ/ የዕቃ ዋጋን እንደـፈֳገ ֳאወרን ይ٢ָ ዘንድ በׂשጥٍו ֲነ በـዘዋዋא עንገድ ግበይُ ውֹ٤ን ُץוየ וን ወይُץו ፣ץከזּת ُْדከדֳ וያዝ ወይאֳ 10/ emergency procedures and a plan for disaster recovery of automated systems. 26. Powers to suspend or withdraw recognition of a Clearing Institution 1/ The Authority is authorized to suspend for a period not to exceed 180 days or to revoke the recognition of any Clearing Institution on a showing that the operation, and procedures of the Clearing Institution do not conform to the requirements of the Authority. 2/ Such suspension or revocation shall only be after a notice to the officers of the Clearing Institution affected and upon a hearing on the record; 3/ Such suspension or revocation shall be final and conclusive, unless within 30 days after such suspension or revocation by the Authority such person appeals to the Federal High Court. PART SIX PROHIBITED TRANSACTIONS AND PENALTIES 27. Unlawful Exchange Transactions 1/ Any person who commits: a) fraud, or’ b) deceit, relating to Exchange trade contracts shall be punishable by a fine of at least Birr 50,000 and not more than Birr 1,000,000, or at least Birr 10,000 and not more than Birr 200,000 in the case of a physical person who is an individual, or imprisonment for not more than five years, or both: 2/ Any person who: a) commits manipulation of Exchange traded contracts; b) directly or indirectly attempts to hold a given quantity of commodities or Exchange traded contracts for the purpose of manipulating its price; 3¹þ9)@7 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3928 ּ/ በאካְድ ֶይ ֳֶ ንግድ የֳַውን ገፅٍ በאስጠُ በׂשጥٍו ֲነ በـዘዋዋא עንገድ ُץו ወይו የُץו ግብይُ ውֹ٤ ከገዛ ወይו ከ₪ጠ ወይו የገበያን ሁኔٍ ወይו የדናْውו የُץו ግብይُ ውֹ٤ን ዋጋ በֳאـከـ አሳሳנא ٤ጃ ከרጠ፣ ቤُነُ ֶይֳֹוበ וየግብይً አፈጻጸ /א ׂשጣ እየٍወאያדውጥ እንደֳ וንו ወይו ይኸው ٍውּב ወደ አፈጻጸו እንዲገֹו ካደנገ፣ የُץו ግብይُ ውֹ٤ እንዲገዙ ወይו እንዲ₪ጡ ُዕዛዝ ከרጠ፣ ًרከגገበያ ውስጥና ውጪ ከ ُץוበ /ט የዋጋ ውጣ ውנዶאֳ ٤ጠוׂש በרדብ ስֳገበያ ሁኔٍ እውነُ ያֲָነ፣ አሳሳא ٤ግֳጫ ወይנא וጃ ካףרጨ ወይר ֶַ וው እንዲያףרጭ ካደנገ፣ ወይו ስጠאግֳጫ በא ወገን አሳሳ٤ ֳֶַ /נ ُና ውִ አُףፊ እንደֲነ አስאስֹ በדቅנብ በׂשጥٍו ֲነ በـዘዋዋע ግብይُ ውָ እንዲ ُץוንገድ የא ያደץግ ከገፋፋ፣ ድץጅُ ከֲነ ከብץ דዮን በֵג 1 ץያንስና ከብדበ ְך$ ይበָጥ፣ ግֳרብ ከֲነ ከብְך0 ץ በדያንስና ከብְך(2 ץ በדይበָጥ የገንዘብ ׂשאጮ እና ከአוስُ ዓُא በדይበָጥ እُףם ይׂשጣָ፡፡ 3/ በዚֱ አንׂשጽ ُנטא ጥፋـኛ ֲኖ የـገኘ ወስነውגֳ ጣኑָםֳֹו ውר וንኛውד ጊዜ ዕውቅናው ይٍገዳָ ወይו ዕውቅና ወይו ዳግו ዕውቅና ይከֳከֶָ፡፡ @8. ውስጥ አዋּׂש ነጋዴ וወይ ָֹוድ አץጣኑ ቦָםֳֹוየ וንኛውד /1 ወካይ ይֱ አዋጅـ וኛ ወይـףט በֳאגከـው የُץו ገበያ ውስጥו ֲነ ውጭ ወይו በדናْውאـ וሳሳይ ንግድ በׂשጥٍו ֲነ በـዘዋዋא עንገድ ከـሳـፈ ከብְך! ץ በדያንስና ከብְך(1 ץ በדይበָጥ የገንዘብ ይበָጥדበ ُאስُ ዓוጮ እና ከአׂשא እُףם ይׂשጣָ፡፡ c) directly or indirectly purchases or sells commodities or Exchange traded contracts to cause the false appearance of active trading or cause the creation of misleading information regarding the condition of market or price of any Exchange traded contracts; d) issues an order for the purchase or sale of Exchange traded contracts, the execution of which would involve no change in ownership, or the execution of such an order with knowledge of its character; e) makes, disseminates or orders someone else to make or disseminate untruthful or misleading statements or information relating to market conditions, with the purpose of benefiting from price fluctuations so created on or off a Commodity Exchange; or f) directly or indirectly influences another party to enter into an Exchange traded contract by using misleading statements and misrepresenting to such party the profit potential of such contract; shall be punishable by a fine of at least Birr 50,000 and not more the Birr 1,000,000 or at least Birr 10,000 and not more than Birr 200,000 in the case of a physical person who is an individual, and imprisonment for not more than five years. 3/ Any person convicted of a criminal offense under this Part shall be suspended from recognition and shall be denied recognition or re-recognition for a period as the Authority may determine. 28. Insider Trading 1/ It shall be a criminal offense punishable by a fine of at least Birr 20,000 and not more than Birr 100,000 and imprisonment for not more than five years for any Exchange Authority Board member or any employee or agent thereof, to participate, directly or indirectly, in any transaction on a Commodity Exchange or off-Exchange markets, or any trading of the character which is the subject of this Proclamation. 3¹þ9)@8 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3929 2/ በـףטኛነً ወይֳֹו וው የףם ቦٍ በُץו ግብይُ ውֹ٤ ֶይ ـፅዕኖ የגያደץግ ወይו ያ ያֳው በሕዝብגדግ አዝנድדፅዕኖ የـ ያָٍወנא ׂשጃን דግኘُ የד ٤ָגንኛውו የָםֳֹוጣኑ የቦץድ አָֹו ወይـףט וኛ ወይـ וወካይ ֲነ ብֹ በُץו ገበያ ውስጥו ֲነ ውጭ በגደנግ ግብይُ በׂשጥٍו ֲነ በـዘዋዋא עንገድ እንዲሳـፍ ֳדስ٢ָ ያገኘውን נאጃ ֳֶַ רው ካׂשበֳ ከብץ !ሺ በדያንስና ከብְך(1 ץ በדይበָጥ የገንዘብ ይበָጥדበ ُאስُ ዓוጮ እና ከአׂשא እُףם ይׂשጣָ፡፡ 3/ በዚֱ አንׂשጽ ንዑስ አንׂשጽ /2/ የֳאـከـውን ָֹוድ አץጣኑ የቦָםֳֹוየ וንኛውדጃ ከנא ወይـףט וኛ ወይـ וወካይ የׂשـበֳ ወይו የወרደና נאጃውን በُץו ገበያ ውስጥ ወይו ከُץו ገበያ ውጭ ֳגካְድ ግብይُ የـጠ ያንስናדበ ְך! ץው ከብר וንኛውד אׂש ከብְך(1 ץ በדይበָጥ የገንዘብ ׂשאጮ እና ከአוስُ ዓُא በדይበָጥ እُףם ይׂשጣָ፡፡ @9. የָםֳֹוጣኑን עאאያ ስֳאጣስ የדናْውו የُץו ገበያ ወይו የክፍያ ዎ٤גየግብይُ ፈጻ וወይ וּהـ ያגፈጸא ָֹוድ አץቦ ץዳደـኛ፣ የአስـףט ץበ٭ד ወይו አָֹו የֲነ דንኛውר וው በָםֳֹוጣኑ የወጡُን עאאያዎ٤ በשף ፈቃድ ֲነ ብֹ በאጣስ፣ በֶַ וው ወይר ֳֶַ וወይ שףֳ /1 ግብይُ ውָ ُץוበ וው ስר ከـገበያየ፣ 2/ በـףטኛነً ወይו በአָֹוነً ከףםው ጋץ በـያያዘ ያገኘውን ֳሕዝብ ያָـገֳጸ נאጃ ከףםው አፈጻጸו ጋץ በדይጣጣו ሁኔٍ ገ፣נእንዲٍወቅ ካደ דዓֶ וናْውדֳ ጽׂשጽ !9 ንዑስ አንׂשጃው የዚֱን አንנא /3 /2/ ድንጋጌን በאጣስ ከُץו ገበያ ወይו ከክፍያ ፈጻגዎ٭ד ٤በـףט ץኛ፣ የአስـዳደץ ቦץድ አָֹו ወይו አָֹו የـገኘ ֲאኑን እያወׂש ይֱንኑ נאጃ ውר ֳֶַ וወይ שףֳ ግנድדበ ُנטא ወይו በֶַ רው ስו በُץו ግበይُ ውָ ከـገበያየ፣ ከብְך! ץ በדያንስና ከብץ ጮ እናׂשא ይበָጥ የገንዘብדበ ְך(1 ከአוስُ ዓُא በדይበָጥ እُףם ይׂשጣָ፡፡ 2/ It shall be a criminal offense punishable by a fine of at least Birr 20,000 and not more than Birr 100,000 and imprisonment for not more than five years for any Board Member of the Authority or any employee or agent thereof, who by virtue of his employment or position, acquires information which may affect or tend to affect the price of any Exchange traded contract for which such information has not been made public, to impart such information with intent to assist another person, directly or indirectly, to participate in any Exchange or off-Exchange transaction. 3/ It shall be a criminal offense punishable by a fine of not more than Birr 20,000 and not more than Birr 100,000 and imprisonment for not more than five years for any person to acquire such information as described under Sub-Article(2) of this Article from any Board member of the Authority or any employee or agent thereof and to use such information in any Exchange or off Exchange transaction. 29. Violations of Directives of the Authority It shall be a criminal offense punishable by a fine of at least Birr 20,000 and not more than Birr 1000,000 and imprisonment for not more than five years for any person who is an employee, member of the governing board, or member of any committee of a Commodity Exchange, Clearing Institution, or Exchange Actors Association, in violation of a directive issued by the authority, willfully and knowingly, to: 1/ trade for such person’s own account, or for or on behalf of any other account, in Exchange traded contracts 2/ disclose for any purpose inconsistent with the performance of such person’s official duties as an employee or member, any significant non-public information obtained through special access related to the performance of such duties; 3/ trade for such person’s own account, or for or on behalf of any other account, in Exchange traded contracts on the basis of any significant non-public information that such person knows was obtained in violation of Sub-Article(2) of this Article from an employee, member of the governing board, or member of any committee of a recognized Exchange, Clearing Institution, or Exchange Actors Association. 3¹þ9)@9 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3930 ክፍָ ֹُור የክፍያና ץክክብ אፈጸגያ ዋስُና ፈንድ #. ስֳዋስُና ፈንዱ וּהּהאና አጠቃוׂש 1/ የُץו ገበያ የክፍያና ץክክብ אፈጸגያ ዋስُና ፈንድ ያָדּׁשּה፡፡ ፈንዱו፣ ሀ/ ֳክፍያና ץክክብ דስፈጸגያ ዋስُና ፈንድ ወጪዎ٤ና ጥበቃ ٢٢דያ ወይו ያ፣גደጎא ֳ/ በُץו ገበያ የውስጥ ደንቦُנטא ٤ ከـከናወነ የክፍያና ץክክብ አፈጻጸו በጊዜያዊ ጉድֳِ٤ בያጋጥגֳ ያ፣גׂשጠאֳ ያነُחד ּ/ እንደ አስፈֶጊነً ֳُץו ገበያ የኢንሹףንስ አנቦን ክፍያ ֳאፈጸו፣ እና ָםֳֹוየ ٤ַֹ ንרወגֳ ጣኑָםֳֹוበ /א ጣኑ አግֹוብ ያֶْው ـግُףֹוና ٪ֶፊነِ٤ ያ ֵውָ ይ٤ֶָ፡፡גስፈፀד 2/ ֳዚֱ አንׂשጽ ንዑስ አንׂשጽ /1/ ዓֶד የُץו ገበያ የዳይפከ٤צـ ቦץድ የُץו ገበያን የክፍያና ץክክብ ዋስُና ፈንድን የגያስـዳድץ የףם አץףא ንዑስ ኮَג ֵያוּׁשּה ይ٤ֶָ፡፡ ጣንָם ውጣُדያ የעאא .#1 ጣኑ፣ָםֳֹו 1/ ስֳክፍያና ץክክብ ፈንድ אዋጮ ጠንና የአከፋፈָ ሁኔٍ፣א 2/ ስֳክፍያና ץክክብ ዋስُና ፈንድ አስـዳደץ፣ 3/ ስֳገንዘብ አወጣጥና ስֳָאሶ ክፍያ፣ 4/ ስֳֹּלፋንና ከֹּלፋን ውጭ ስֲֳאን፣ 5/ ስֳአገָግֹُ אጠגׂשያ ክፍያዎ٤፣ እና 6/ ግዴٍን אֳֹוፈጸו ስֳגጣִ ቅጣِ٤ና የዲתፕֵን እוץጃዎ٤፣ ያ ያወጣָ፡፡עאא PART SEVEN SETTLEMENT GUARANTEE FUND 30. Utilization of Settlement Guarantee Fund 1/ A Commodity Exchange shall set up a Settlement Guarantee Fund that may be applied for: a) offsetting the expenses and maintenance of the Settlement Guarantee Fund; b) temporary application to meet shortfalls and deficiencies arising out of the Clearing and Settlement obligations of the Clearing Institutions carried out in accordance with the by laws and rules of a Commodity Exchange; c) payment of premium on insurance coverage by a Commodity Exchange, if any; and d) any other purpose as may be specified by the Authority. 2/ For the purposes of Sub-Article(1) of this Article, the Board of Directors of a Commodity Exchange may, by resolution, appoint a management subcommittee to administer the Settlement Guarantee Fund of A Commodity Exchange. 31. Power to issue Directives The Authority shall by directives pursuant to this Proclamation determine: 1/ mode and amount of contributions to the Settlement Guarantee Fund; 2/ administration of the Settlement Guarantee Fund; 3/ conditions of withdrawal and repayment; 4/ coverage and exclusion; 5/ charges for utilization: and 6/ penalties and disciplinary actions for non performance. 3¹þ9)# gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3931 ክፍָ ስוንُ የአስْኳይ ሁኔٍ ָםጣን #2. የָםֳֹוጣኑ ָםጣን ከስָّ ብֹـ ጣኑ አስْኳይ ሁኔָٍםֳֹו ጠበቅאֳ ዓًንץם ግብይُ ُץוን የוያת ወይדֳ וስـካከָ በֳـይ የגከִُـን እוץጃዎ٤ የُץו ገበያው እንዲወስድ ስጠُ ይ٤ֶָ፣א ያעאא ዝ፣נראየግብይُ ውָን የ וናْውד /1 2/ በדናْውו የግብይُ ውָ ֶይ ጊዜያዊ እገዳ የאጣָ፣ 3/ በדናْውו የግብይُ ውָ ֶይ ጊዜያዊ የአስْኳይ የדያዣ אጠን የאወרን፣ እና 4/ የָםֳֹוጣኑ ውሳኔ ـግףֹוዊ ከֲאኑ በፊُ በቅን ָቦና በـገኘ የገበያ አוּה ֶይ የגደנገውን ገደብ የאወרን፡፡ #3. አቤًٍ ُנטא ጽ "2ׂשጣኑ በዚֱ አዋጅ አንָםֳֹו በרጠው ውሳኔ ቅٍפ ያֳው ወገን ֳፌዴָף ከፍـኛ ፍץድ ቤُ አቤًٍ דቅנብ ይ٤ֶָ፡፡ ፍץድ ቤً ֳአቤُ ֹוዩና ֳָםֳֹוጣኑ ገנካደ ברሳْውና እንዲץያ እንዲደּׂשስٍወד በኋֶ የָםֳֹוጣኑ ውሳኔ በዘፈׂשደ የרـጠ፣ በדስנጃ ያָـደገፈ ወይו ሕግን ያָـከֳـ ֲኖ ካֶገኘው በስץׂשـ የָםֳֹוጣኑን ውሳኔ ፡፡וገድ አይ٤ָד ክፍָ ዘጠኝ ָዩ ָዩ ድንጋጌዎ٤ #4. ደንብና עאאያ የדውጣُ ָםጣን 1/ የגኒስُו ٤צክץ ቤُ ይֱን አዋጅ ֳדስ ፈጸו የגያስፈָጉ ደንቦ٤ን ያወጣָ፡፡ וስፈጸדֳ ጣኑ ይֱን አዋጅָםֳֹו /2 የגያስፈָጉ עאאያዎ٤ን ያወጣָ፡፡ PART EIGHT EMERGENCY POWERS 32. Power of the Authority When the Authority has reason to believe that an emergency exists, it may direct a Commodity Exchange to take action which is necessary to maintain or restore orderly trading, including but not limited to: 1/ liquidation of any contracts; 2/ temporary suspension of trading on any contract; 3/ setting of temporary emergency margin levels on any contract; and 4/ fixing limits that may apply to a market position acquired in good faith prior to the effective date of the Authority’s action. 33. Appeal any party adversely affected by the decision of the Authority under Article 32 of this Proclamation may petition the Federal High Court. The Court shall base its decision upon an examination of all the information before the Authority at the time the determination was made. The court shall not enter an injunction unless it has determined, after notice and hearing before the court, that the Authority action complained of was arbitrary, not supported by the weight of evidence or established rules of law, an abuse of discretion, or otherwise not in accordance with law. PART NINE MISCELLANEOUS PROVISIONS 34. Power to issue Regulations and Directives 1/ The Council of Ministers shall issue Regulations necessary for the proper implementation of this Proclamation. 2/ The Authority shall issue directives necessary for the proper implementation of this Proclamation. 3¹þ9)#1 gA ØÁ‰L ነU¶T Uz¤È qÜ R ^2 ነּሴ @9 qN 09)(9 ›.M Federal Negarit Gazeta No. 62 4th September, 2007… page 3932 ው ሕጎ٤ْףይኖדነُ የגፈጻـ .#5 የዚֱን አዋጅ ድንጋጌዎ٤ የגቃנን דናْውו ሕግ፣ ደንብ፣ עאאያ ወይו የአוָ ץףטድ በዚֱ አዋጅ በֳאـከًُ ጉዳዮ٤ ֶይ ፡፡וውْףነُ አይኖגፈጻـ #6. አዋጁ የגፀናበُ ጊዜ ይֱ አዋጅ በፌዴָף ነጋُע ጋዜጣ ٍُז ከወጣበُ ׂשን ጀצו የፀና ይֲናָ፡፡ አዲስ አበֹו ነּሴ !9 ׂשን 09)(9 ዓ.ו ግדץ ወָደጊዮץጊስ የኢُዮጵያ ፌዴֶףዊ ዲזክתףያዊ ዚዳንُפፐብֵክ ፕע 35. Inapplicable Laws No law, regulation, directive or practice shall, in so far as it is inconsistent with this Proclamation, be applicable with respect to matters covered under this Proclamation. 36. Effective Date This Proclamation shall come into force up on Publication in the Federal Negarit Gazeta. Done at Addis Ababa, this 4th day of September, 2007 GIRMA WOLDEGIORGIS PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 3¹þ9)#2