Responsibilities and Functions
The CMA’s functions are to regulate and develop the Saudi Arabian Capital Market. It issues the required rules and regulations for the implementation of the provisions of Capital Market Law aimed at creating an appropriate investment environment. The basic objectives are to create an appropriate investment environment, boost confidence, and reinforce transparency and disclosure standards in all listed companies, and to protect the investors and dealers from illegal acts in the market.
The regulations of the Authority are as the following:
- Capital Market Authority
- The Stock Exchange (Tadawul)
- The Securities Depositary Center
- The Committee for the Resolution of Securities Disputes
- Appeal Panel
Read more about this topic: Capital Market Authority (Saudi Arabia)
Famous quotes containing the word functions:
“When Western people train the mind, the focus is generally on the left hemisphere of the cortex, which is the portion of the brain that is concerned with words and numbers. We enhance the logical, bounded, linear functions of the mind. In the East, exercises of this sort are for the purpose of getting in tune with the unconscious—to get rid of boundaries, not to create them.”
—Edward T. Hall (b. 1914)