As part of the Capital Market Authority's continuous efforts to develop the capital market and protect investors, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/6/1424 H, the CMA Board has issued its Resolution which includes publishing the draft Investment Accounts Instructions ("Instructions") on the CMA’s website (indicated below) to enable concerned and interested parties to provide their comments and observations.
These instructions aim to regulate the opening and operation of investment accounts held by authorised persons licensed to conduct the activities of dealing, managing, or custody; and to define the related investment accounts controls and supervisory rules.
The CMA would be pleased to receive concerned and interested parties comments and observations through the following channels:
- Email (Rules.Regulations@cma.org.sa);
- Fax number (+966114906460); or
- Mail address (P.O. Box 87171 Riyadh 11642, Legal Affairs Division).
no later than Monday 29/4/1437H (corresponding to 8/2/2016G). All comments and observations will be studied and considered for the purpose of issuing the final Instructions.
The draft amended Instructions can be viewed on CMA’s website via the following link:
Link
