Regulatory Alerts2021-12-13
Regulation on the Reporting of Violations of the Capital Market Law
The Capital Market Authority of Saudi Arabia issued this regulation to establish a comprehensive framework for reporting violations of the Capital Market Law and related exchange regulations. It designates multiple reporting channels, specifies required report contents, and grants financial rewards of up to 20 percent of collected fines to qualifying natural persons who provide original, non-public information. The regulation further mandates internal protection policies for employee whistleblowers, ensures confidentiality of reporting data, and outlines appeal rights and legal support mechanisms.
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