As part of the Capital Market Authority's ("CMA") strategic objectives to regulate and develop the capital market, and based on the Capital Market Law issued by Royal Decree No. (M/30) dated 2/6/1424 H, the CMA Board issued its resolution to publish the draft Regulation on the Reporting of Violations of the Capital Market Law ("Draft Regulation") for public consultation for a period of (30) calendar days ending on 02/01/1443H corresponding to 10/08/2021G.
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, the Depository Center, or the Clearing Center. This includes the determination of 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 CMA, with full gratitude, would receive the opinions and comments of relevant and interested persons, through any of the following:
- The Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated to the National Competitiveness Center via the following link: (istitlaa.ncc.gov.sa).
- The prescribed form via the following email: (Laws.Regulations@cma.org.sa).
All comments will be taken into full consideration for the purpose of finalizing the Draft Regulation.
The Draft Regulation can be viewed via the following link:
Draft Regulation on the Reporting of Violations of the Capital Market Law
Prescribed form for providing comments
