Regulatory Alerts2005-06-28
Capital Market Institutions Regulations
The Board of Saudi Arabia’s Capital Market Authority issued these Regulations to establish a comprehensive licensing and operational framework for capital market institutions and registered persons. They require applicants to secure authorization through fit-and-proper assessments, minimum capital thresholds, and compliance with eleven core principles covering integrity, client protection, and market conduct. The framework further mandates strict operational standards for business conduct, systems and controls, client money segregation, and bankruptcy procedures to ensure ongoing financial prudence.
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