CMA issues draft central counterparties regulations for consultation

The Capital Market Authority has published the draft Central Counterparties Regulations for public consultation, it said in a statement on Thursday.

The draft will be available for public consultation for 14 calendar days until September 26.

The draft regulations aims to regulate securities clearing activities in the Kingdom and specify the requirements for obtaining an authorization to carry out such activities, which will contribute to introducing new securities classes and services to investors and guaranteeing the settlement and fulfilment of obligations of transactions parties.

This will in turn further strengthen the current market infrastructure and enhance its efficiency, the statement said.