Regulatory Alerts2018-01-01
Capital Market Authority Board of Directors Decision No. (96) of 2018
The Capital Market Authority (CMA) Board of Directors issued Decision No. (96) of 2018 to amend its regulations governing intra-day share trading. The decision requires listed companies to maintain a specialized trading department staffed by at least three qualified individuals and limits a single client’s same-day purchase balance reservation to one ten-thousandth of the company’s total listed shares. Additionally, it allows clients to execute multiple same-day trades up to the maximum order limit, provided that all reserved purchased quantities are sold within the same trading session.
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