Key Details

Duration: 3 hours
Delivery: Inhouse or Distance Learning

Overview

This three hour session provides an essential guide to the regulatory regime surrounding financial services firms that are licensed by the Capital Market Authority (CMA) in Saudi Arabia. Starting with Capital Market Law and the authorisation requirement for firms undertaking securities business, the course moves on to highlight the key...

This three hour session provides an essential guide to the regulatory regime surrounding financial services firms that are licensed by the Capital Market Authority (CMA) in Saudi Arabia. Starting with Capital Market Law and the authorisation requirement for firms undertaking securities business, the course moves on to highlight the key implementing regulations of the CMA. These include the principles driven approach of the authorised persons regulations, the requirements of the market conduct regulations, the various ways that conflicts of interest are handled within the securities business regulations and the expectations surrounding client communication and securities advertisements. Additional areas covered include client classification, inducements and personal account dealing.

Who is this for?

This course provides a focused summary of the regulatory regime for anyone working in a Saudi CMA licensed entity.

  • Regulatory Environment and the Underlying Law
    • Capital Market Law
    • Key regulatory bodies
    • Securities and securities business
    • Authorisation requirement
  • Key CMA Implementing Regulations
    • Authorised Persons Regulations
      • The Principles
      • Authorised persons
      • Registrable functions
      • Client classification
    • Market Conduct Regulations
      • Insider trading
      • Market manipulation
    • Securities Business Regulations
      • Securities advertisements
      • Conflicts of interest
      • Inducements
      • Personal account dealing
      • Client assets

After attending this session, participants will be able to:

  • Describe the regulatory regime surrounding financial services firms in Saudi Arabia, understanding the roles of the CMA, Saudi Stock Exchange, Saudi Arabian Monetary Authority (SAMA) and the Ministry of Investment
  • Demonstrate an understanding of the structure of the CMA Implementing Regulations, including the key requirements of the:
    • Authorised Persons Regulations
    • Market Conduct Regulations
    • Securities Business Regulations