CMA issues draft regulation on reporting violations of Capital Market Law for public consultation

11/07/2021 Argaam

Logo of The Capital Market Authority

The Capital Market Authority’s (CMA) board issued a resolution to publish the draft regulation on reporting violations of the Capital Market Law for public consultation for 30 days ending Aug. 10.

 

The draft regulation aims to regulate reporting of violations of the Capital Market Law and its implementing regulations, or violations of the regulations of the exchange, depository center, or clearing center.

 

This includes determining the financial rewards for those who report such violations, the controls on granting the rewards, and the procedures that contribute towards the protection of those who report violations, the authority said in a statement today, July 11.

 

The CMA will receive the opinions of relevant and interested persons through the unified electronic platform for consulting the public and government entities, affiliated with the National Competitiveness Center (istitlaa.ncc.gov.sa), and email (Laws.Regulations@cma.org.sa).

 

The authority further indicated that all comments will be taken into consideration for ratifying the final draft.

 

The draft regulation can be viewed through the following link:

 

Draft Regulation on the Reporting of Violations of the Capital Market Law

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