FAQs for Implementing Regulations

The content of this page shall not prejudice the provisions of the Capital Market Law, the Companies Law, their Implementing Regulations or other relevant laws. The content of this page shall not be considered an alternative to the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations. In the event of any conflict between the content of this page and the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations, those Laws and Regulations shall prevail. And as the Implementing Regulations issued by the CMA are subject to constant update, reliance shall be always on the Regulations published on CMA's website.

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Is it optional for a Capital Market Institutions to obtain the information required under Annex (5.3) (b) of the Capital Market Institutions Regulations?

Can a capital market institution provide advice in financial planning and in wealth management - in non-securities - in accordance with paragraph (e) of Article 10 of the Capital Market Institutions Regulations?

What are the countries that apply supervisory and regulatory standards equivalent to those of the Authority or acceptable to it?

What is meant by the independent member mentioned in Part (4) of the Corporate Governance Regulations for the Company's Committees and their Formation?

Shall the invitation to the Ordinary General Assembly called by the Board of Directors, upon the request of the auditor or the audit committee or a number of shareholders holding shares equal to at least (10%) of the company’s shares that have voting righ

Is it permissible for the number of independent members of the Board of Directors to be less than two or one-third of the Board members, whichever is greater?

Is the company required to notify the Exchange of its transactions related to its shares buy-back in the Exchange?

Can the Authority request additional requirements for applications to increase capital by way of a Rights Issue?

Is the chairman of the Shareholders' General Assembly required to announce the results of the assembly to the attending shareholders before the end of the assembly meeting?

Who is responsible for the notarization of the By-laws of the special purposes entity?

Can a sponsor be the trustee of a special purposes entity that issues debt instruments?

Can the trustee of a special purposes entity that issues debt instruments be a custodian of the special purposes entity?

When can the trustee of a special purposes entity be changed?

Is it permissible for capital market institutions to accept the subscriptions of non-Saudis in a real estate fund that invests all or part of its assets in real estate located within the boundaries of the cities of Mecca and Medina?

In relation to investment funds, is it permissible for capital market institutions to accept the subscriptions of non-Saudis in a real estate fund that invests all or part of its assets in real estate located within the boundaries of the cities of Mecca a

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