Introduction
The Capital Market Authority (CMA) places great importance on promoting the principle of transparency and constructive engagement with various segments of society. This is achieved through the implementation of best practices in electronic community participation, which are considered effective means of involving citizens, residents, and relevant entities in developing and improving the quality of services.
The Importance of Electronic Community Participation
Electronic community participation has gained increasing attention from governments worldwide due to its pivotal role in involving citizens and stakeholders in the decision-making process. It empowers them to submit suggestions and participate in opinion polls that directly affect their interests. This interaction helps enhance the efficiency and effectiveness of the services provided.
The Role in Supporting Community Participation
The CMA works to provide multiple electronic channels that allow citizens, residents, government agencies, business sectors, and experts to share their opinions, feedback, and suggestions with complete confidentiality and neutrality. These submissions are presented to the relevant departments for study and interaction as soon as possible. The CMA is also keen to propose topics related to its services for public discussion and seek advice from specialists and stakeholders, in an effort to improve the quality of its services and enhance community participation.
Publishing and Handling Responsibilities
The Authority is committed to reviewing submissions periodically, but it is not obligated to respond to all of them, especially if they are repetitive or do not adhere to the specified terms and conditions. The CMA also reserves the right not to publish or to delete any submission that violates its policy or the regulations in force in the Kingdom, without bearing any legal responsibility for the comments or feedback that are published.
Terms and Conditions for Community Participation
In its commitment to achieving the highest levels of positive interaction, the CMA urges participants to adhere to the following terms and conditions:
Adherence to the true Islamic religion, national regulations, and customs and traditions in the Kingdom of Saudi Arabia.
- Compliance with applicable publishing laws.
- Submissions must be serious, clear, and concise.
- Refrain from sending the same submission more than once.
- Do not use offensive or obscene language or any language that constitutes an insult to individuals or entities.
- Adhere to the rules of Standard Arabic grammar and spelling as much as possible.
- Do not publish personal data or market any entity.
- Do not misuse electronic participation systems in a way that affects their performance or security.
- Avoid any submission that violates legal rights or intellectual property rights.
For a complete list of controls:
https://dga.gov.sa/en/E-Participation-Controls
Amendments to Regulations and Executive Rules
The CMA is keen on continuously updating its regulations and executive rules to keep pace with economic and social developments and achieve the objectives of the social security system. The Authority allows everyone to view the proposed amendments and provide their feedback through the Esttl'a platform.
Esttl'a Platform
Based on Cabinet Resolution No. (476) dated 15/07/1441 AH, the "Esttl'a platform" was established under the supervision of the National Center for Competitiveness. It enables citizens, the private sector, and government agencies to provide their feedback on draft laws and regulations related to economic and developmental affairs. The Capital Market Authority participates in this platform to promote the principle of transparency and integration with all relevant entities.