​The Capital Market Authority (CMA) in coordination with the Bureau of Investigation and Public Prosecution in Riyadh has concluded on 06/04/1438H (4th January 2017) the joint workshop activities that took place at CMA headquarters. The event was under the patronage of His Excellency Mr. Youssef Hamad AL Blihid, CMA Deputy of Legal Affairs and Enforcement and His Excellency Sheikh Mansour bin Saleh Al Dhalaan, Head of the Branch of the Bureau of Investigation and Public Prosecution.

Moreover, in the presence of specialists in the two Authorities, discussions during the workshop included the major functions of each Authority in regards to the violations of the Capital Market Law, and the procedures in addition to discussing further development and also the exchange and transfer of experiences between the two Authorities, including those relating to discover manipulation and misleading violations in the Capital Market which stated in Article forty-ninth of the Capital Market Law, and insider Trading violations set forth in Article fifty of the Capital Market Law. As was viewed the mechanism used in the Capital Market Authority in monitoring and follow up such violations, and the inference procedures, as well as the means of proof in these cases, as well as the previous experience of the Capital Market Authority in raising public proceedings in those cases in front of The Committee for the Resolution of Securities Disputes.

This workshop comes as an extension of mutual and constant coordination between the two Authorities to serve the common tasks and business between them. It is worth mentioning that the Bureau of Investigation and Public Prosecution began earlier in specializing in the investigation and prosecution of manipulation and misleading violations, trading on security based on insider trading information, and carrying on brokerage business without been licensed, which stated in the thirty-first, forty-ninth and fifty-ninth Articles in the Capital Market Law, according to the Royal Decree No. (4690) dated 06/02/1435 H which include transferring the functions of reference entities and committees related to the investigation and prosecution of criminal violations to the Bureau of Investigation and Public Prosecution and on 27/12/1435H the record of coordination signed between the two Authorities.

It is noteworthy that since the transfer of the functions of investigation and prosecution in the violations referred to the Bureau of Investigation and Public Prosecution until the end of spring first 1438 H,  In total (71) suspected cases referred by the Capital Market Authority to the Bureau of Investigation and Public Prosecution.