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Saudi Arabia's Capital Market Authority: Announcement Regarding The Public Consultation Of The Draft Amended Rules For Qualified Foreign Financial Institutions Investment In Listed Securities

As part of the Capital Market Authority's ("CMA") continuous efforts to develop the capital market and protect investors, and based on the Capital Market Law ("CML") 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. The CMA has prepared an amended draft of the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities. The draft amended Rules is a reflection of the international best practice as well as the CMA’s experience in the implementation of the mentioned Rules. With reference to the announcement issued by the Authority dated 26/7/1436H corresponding to 05/03/2016G, regarding the approval of amendments to the Registration Requirements for Qualified Foreign Financial Institutions. 

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