SAUDI ARABIA: The Saudi Capital Market Authority (CMA) is seeking feedback on the draft regulations on facilitating the procedures for opening investment accounts for various categories of investors within the project ‘Amendments of the Investment Accounts Instructions and the Rules for Foreign Investment in Securities and the Capital Market Institutions Regulations’ for a period of 30 calendar days.
The proposed draft aims to align with the regulatory and technological developments in Saudi Arabia and facilitate investment in the Saudi capital market by improving the procedures for opening investment accounts including new categories of investors and regulating the operations related to these accounts.
