Capital Market Authority (Saudi Arabia)
The Capital Market Authority (CMA) (Arabic: هيئة السوق المالية) is the Saudi Arabian government organization responsible for regulating the Saudi Arabian capital markets. It has financial, legal and administrative independence and reports directly to the Prime Minister. Its responsibilities include setting rules and regulations, making sure they are followed, operating a committee to settle disputes and developing the capital markets in Saudi Arabia. Its role also includes regulating the Saudi Stock Exchange (Tadawul).
Read more about Capital Market Authority (Saudi Arabia): History, Responsibilities and Functions, Capital Market Law, Implementing Regulations, General Securities Qualification CME-1
Famous quotes containing the words capital, market and/or authority:
“That monstrous tuberosity of civilised life, the capital of England.”
—Thomas Carlyle (1795–1881)
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“The most absurd apology for authority and law is that they serve to diminish crime. Aside from the fact that the State is itself the greatest criminal, breaking every written and natural law, stealing in the form of taxes, killing in the form of war and capital punishment, it has come to an absolute standstill in coping with crime. It has failed utterly to destroy or even minimize the horrible scourge of its own creation.”
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