Regulatory Alerts2012-01-01
Management, Supervision, and Internal Control Standards for entities licensed by the Capital Markets Authority (CMA)
The Capital Markets Authority requires licensed entities to implement comprehensive internal control frameworks covering management structure, personnel training, information management, compliance, and auditing. Firms must strictly enforce segregation of duties, establish robust risk management policies for credit, market, and operational risks, and maintain adequate asset protection measures. These standards mandate ongoing board oversight and regular reviews to ensure that internal systems are capable of identifying, monitoring, and mitigating threats to regulatory, strategic, and reputational stability.
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