As part of the Capital Market Authority’s (“CMA”) strategic objectives to develop the capital market, and based on the Capital Market Law issued by Royal Decree No. (M/30), dated 2/6/1424 H, the CMA Board issued its resolution to publish the draft of Securities Exchanges and Depository Centers Regulations (the “Draft Regulations”), for public consultation for a period of (60) calendar days ending on 11/8/1443H corresponding to 14/3/2022G.
The Draft Regulations aims to develop the regulatory framework for the authorization and supervision of securities exchanges and depository centers for the efficient performance of their duties and obligations, and to further the stability and regulatory environment of the capital market, in addition to enhancing the confidence of capital market participants in support of its growth and prosperity, as well as the development of procedures that ensure effective supervision over securities exchanges and depository centers in line with international best practices and standards in this regard.
The Draft Regulations can be viewed via the following link:
- Draft Securities Exchanges and Depository Centers Regulations
- Prescribed form for providing comments
The CMA, with full gratitude, would receive the opinions and comments of relevant and interested persons, through any of the following:
- The Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform), affiliated with the National Competitiveness Center, through the following link: istitlaa.ncc.gov.sa.
The prescribed form through the following email: Laws.Regulations@cma.org.sa.