An announcement of issuing resolution number (1-4-2011) and dated 19/2/1432H by the Board of the CMA to adopt the Resolution of Securities Disputes Proceedings Regulations

Based on the Capital Market Authority’s  efforts to complete the legislative  environment of the Capital Market in the Kingdom of Saudi Arabia, and to promote the fairness and transparency principles in securities transactions, The Board of the CMA has issued its resolution   number  (1-4-2011) and dated 19/2/1432H, 23/1/2011 to adopt the Resolution of Securities Disputes Proceedings Regulations based on the Capital Market Law issued by Royal Decree number (M/30) dated 2/6/1424H.

The Regulations aim at regulating the litigation procedures before  the Committee of  the Resolution of Securities Disputes (CRSD) and The Appeal Panel to ensure the rights of all participants in the market.

A consultation with specialists in relevant bodies was conducted while preparing these regulations. It can be viewed on CMA’s website  on the following link:

www.cma.org.sa/Ar/Pages/Implementing_Regulations.aspx