Regulatory Alerts2004-10-04
Market Conduct Regulations
Issued by Saudi Arabia's Capital Market Authority, these regulations standardize market conduct by prohibiting manipulative trading practices, insider trading, and untrue material statements. They impose strict operational obligations on capital market institutions, mandating client priority, best execution, timely allocation, and transparent conflict management. Furthermore, the framework establishes clear liability for damages arising from false or omitted statements and holds principals accountable for violations committed by their agents.
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