Regulatory Alerts2005-06-28
Securities Business Regulations
The Capital Market Authority of Saudi Arabia issues these regulations to govern securities business activities within the Kingdom, requiring authorization for entities engaging in dealing, arranging, managing, advising, or custody. The framework establishes specific exclusions from authorization for intra-group transactions, professional services, and custodial activities, while mandating that securities advertisements be made by or approved through authorized capital market institutions. Contraventions constitute offences under the Capital Market Law, and designated entities such as the government, SAMA, and approved exchanges are explicitly exempted from these authorization requirements.
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