Capital Market Law
The Saudi Capital Market Authority was established to achieve a set of objectives, of which the most important are developing an organized, fair, transparent financial market, and ensuring the protection of investors from irregular practices, which involving deceit, cheat, fraudulence, or manipulation. To achieve these objectives and others, the market system has given the Authority financial, regulatory and supervisory frameworks to facilitate the completion of the tasks entrusted to the Authority. The Capital Market Law consists of ten chapters and sixty-seven articles.
Read more about this topic: Capital Market Authority (Saudi Arabia)
Famous quotes containing the words capital, market and/or law:
“Nobility is a graceful ornament to the civil order. It is the Corinthian capital of polished society.”
—Edmund Burke (1729–1797)
“The market came with the dawn of civilization and it is not an invention of capitalism.... If it leads to improving the well-being of the people there is no contradiction with socialism.”
—Mikhail Gorbachev (b. 1931)
“The law of God is a law of change, and ... when the Churches set themselves against change as such, they are setting themselves against the law of God.”
—George Bernard Shaw (1856–1950)