The Capital Market Authority (CMA) emphasizes its duty to ensure the fairness of transactions and stop any manipulative or deceptive acts in the Capital Market that might negatively affect the market and its transactions. Examples of these violations are mentioned in an awareness booklet titled: “Examples of some violations of the Capital Market Law and its Implementing Regulations” that aims to spread awareness and help investors. This guidebook is considered as support material for the Market Conduct Regulations issued by CMA in 2004.
The regulation includes 21 articles to prevent market manipulation and protect investors in accordance with Article 5 of the Capital Market Law. The article states that one of the important roles of CMA is to protect investors and the public from any unfair or unethical practices that include manipulation, deception or fraud.
As part of CMA’s awareness campaign, the guidebook mentions several examples of capital market violations such as affecting the closing price by buying or selling an amount of stocks before the market closes to increase or decrease the share price. This would lead to false information leading to wrong investment decisions.
CMA urges the public to read the Market Conduct Regulations and awareness guidebook in order to avoid committing those violations that reflect negatively on the market and holds the person doing them accountable.