As part of Capital Market Authority's ("CMA") strategic objectives to develop the capital market and to expand the institutional investments, and in line with the National Transformation Program and Saudi Arabia's Vision 2030, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/6/1424H, and based on the Rules for Qualified Foreign Financial Institutions Investment in Listed Shares issued by the Board resolution Number (1-42-2015) Dated 15/7/1436H corresponding to 4/5/2015G amended by Resolution of the Board of the Capital Market Authority Number 3-104-2016 Dated 5/11/1437H Corresponding to 8/8/2016G. The CMA has prepared an amended draft of the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities.
The purpose of these Rules is to set out the procedures, requirements and conditions for the registration of qualified foreign investors with the Authority to invest in listed securities, and to specify their obligations and the obligations of authorised persons in this regard
The CMA Board accordingly issued its resolution, which includes publishing the amended draft of the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities on the CMA's website (indicated below) to enable concerned and interested parties to provide their comments and observations for a period of (14) calendar days. The CMA would be pleased to receive such comments and observations through the following channels:
- Email (Laws.Regulations@cma.org.sa);
- Fax number (+966114906460); or
- Mail address (P.O. Box 87171 Riyadh 11642, CMA Deputy for Legal Affairs and Enforcement – Laws and Regulations Department).
No later than 19/3/1439H corresponding to 7/12/2017G. All comments and observations will be taken into consideration for the purpose of issuing the final Rules.
The draft amended Rules can be viewed on CMA's website via the following link:
Rules for Qualified Foreign Financial Institutions Investment in Listed Securities
