Regulatory Alerts2023-01-01
Capital Markets Authority Board of Directors Resolution No. 52 of 2023
The Capital Markets Authority (CMA) issued Resolution No. 52 of 2023 to establish a formal registry for entities authorized to trade metals on behalf of investment funds. The resolution mandates that qualifying entities meet specific capital, operational, and governance requirements while submitting detailed documentation for registration. It further outlines a three-year renewable registration term, associated service fees, compliance obligations regarding insurance and conflict of interest, and enforcement measures including warnings, suspensions, or deregistration for non-compliance.
Share