Regulatory Alerts2011-01-23
Resolution of Securities Disputes Proceedings Regulations
The Capital Market Authority of Saudi Arabia issued these Regulations to establish comprehensive procedural rules for filing, considering, and adjudicating securities disputes before its designated Committee. The framework mandates a preliminary 90-day complaint period with the Authority, requires licensed legal representation for market institutions, and integrates electronic platform procedures alongside traditional hearings. It further codifies statutes of limitations, class action mechanisms, appeal processes, and enforcement measures to ensure timely resolution and legal certainty for investors and regulated entities.
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