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.

 

    Category
    is it required for the foreign portfolio manager to be a QFI?
    Can QFI deal with a GCC portfolio manager?
    Can a portfolio manager be an AP licensed by the Authority?
    Can a QFI deal with more than one portfolio manager?
    Is it possible for QFI to deal with another QFI to manage his investments in listed securities?
    Do assets under management include the assets of the funds managed by the applicant even if such funds did not satisfy the conditions required to be qualified as QFI?
    Who is an AAP?
    What is the role of the AAP?
    When will the applicant becomes a QFI?
    What entity receives the investors’ complaints in CMA?
    Can a QFI delegate the foreign portfolio manager to process the application for qualification and sign the assessment agreement with the AAP?
    Can an AAP rely on a third party to conduct Know Your Client "KYC" process?
    Is the QFI required to obtain authorisation by the CMA in relation to carrying on dealing as principal activity to invest in securities listed in the Saudi Stock Exchange?
    Is the foreign portfolio manager required to obtain authorisation by the CMA in relation to carrying on managing activity when managing listed securities belonging to a QFI in the Saudi Stock Exchange?
    When can a QFI start trading listed securities?
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