​The Capital Market Authority (CMA) has called upon investors in securities to limit their dealings to CMA Authorised Persons and to be cautious and not deal with persons who are not authorised by the CMA to conduct securities business -whether they are individuals or institutions.

The CMA further urged the investors to verify that the institutions they are dealing with are authorised by the CMA to conduct securities business, adding that persons who are not authorised by the CMA are not permitted to collect money or provide any service or product related to securities in the Kingdom such as dealing in securities, managing securities in circumstances involving the exercise of discretion, introducing parties in relation to securities business, advising on corporate finance business or otherwise acting to bring about a deal in a security transaction, advising a person on the merits of a security or exercising any right to deal conferred by a security, etc.

The CMA has also clarified that contractual agreements which result in the practice of securities business by a person not authorised by  CMA to conduct such business in the Kingdom are considered to be void.

A statement issued by CMA said that in cases where investors are approached by a party that claims to be a person authorised by the CMA, or an individual who claims that he/she represents an Authorised Person, investors can verify the identity of such party or individual with the CMA. Investors can also check the list of persons authorised by the CMA to conduct securities business in the Kingdom on the CMA’s website by the following link:

The CMA encourages investors to immediately report any securities business carried out by a person not authorised by  CMA to conduct such business.