​In reference to the announcement of the Capital Market Authority (“CMA") dated 24/03/1445H corresponding to 09/10/2023G, about the commencement of the submission period for the authorisation applications to carry out the Securities Exchange activities as an Alternative Trading System (“ATS") in the Kingdom (Announcement's Link), in which has mentioned that the CMA's Market Infrastructure Institutions Supervision Department will receive the submitted inquiries by those interested in carrying out the Securities Exchange activities as an ATS in the Kingdom, until the date of November 30th, 2023 as mentioned in the document titled “The Authorisation to Carry Out Securities Exchange Activities as an Alternative Trading System in the Kingdom" included in the announcement, which has also mentioned that the CMA will publish the answers to the received inquiries on its website by the beginning of January 2024.

Therefore, the CMA has prepared the list of the main inquiries received related to the authorisation applications to carry out the securities Exchange activities as an ATS in the Kingdom, and the CMA's answers to these inquiries, for the purpose of allowing those interested in this field to be informed about the different aspects related to the authorisation to carry out the securities Exchange activities as an ATS in the Kingdom, and sharing the knowledge between the interested parties in the Saudi capital market.

In this context, the CMA would like to point out the importance of referring to/relying on the Capital Market Law and its relevant Implementing Regulations in order to have a comprehensive understanding of the regulatory aspects related to the authorisation to carry out the securities Exchange activities as an ATS in the Kingdom.​

The document “The Main Inquiries Received by the Capital Market Authority on the Authorisation Applications to Carry Out the Securities Exchange Activities as an Alternative Trading System in the Kingdom", can be accessed through this Link.

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