An announcement of the issuance of the Board of the CMA Resolution Number (1-115-2016) and dated 28/11/1437H to adopt the updated Frequently Asked Questions document in relation to the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and the relevant forms

Saturday, September 03, 2016 at 11:04 AM

Sat Sep 3, 2016 11:04

As part of CMA's continuous efforts to ensure clarity of the Implementing Regulations of the Capital Market Law to help market participants to recognize their duties, responsibilities and rights, which will enhance the level of compliance with the Capital Market Law and its implementing regulations. 

Accordingly, and based on the Capital Market Law issued by Royal Decree Number (M/30) Dated 2/6/1424H, the CMA Board of Commissioners has issued its resolution Number 1-115-2016 Dated 28/11/1437H corresponding to 31/8/2016G to adopt the updated Frequently Asked Questions document ("FAQs") in relation to the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and the relevant forms. The FAQs includes answers on the frequently questions that were received during the consultation period, which enable concerned and interested parties to provide their comments and observations with regards to the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities ("the Rules"). The CMA Board of Commissioners had previously issued its resolution No. 25-65-2016 dated 22/08/1437H corresponding to 29/05/2016G, containing the adoption of the updated Frequently Asked Questions document on its third issuance, and the resolution of the CMA Board of Commissioners No. 3-104-2016 dated 05/11/1437H corresponding to 08/08/2016G, including the adoption of the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities.
   
The FAQs and the forms can be viewed on CMA’s website on the following link:

http://www.cma.org.sa/En/QFI/Pages/default.aspx