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:
“The English masses are lovable: they are kind, decent, tolerant, practical and not stupid. The tragedy is that there are too many of them, and that they are aimless, having outgrown the servile functions for which they were encouraged to multiply. One day these huge crowds will have to seize power because there will be nothing else for them to do, and yet they neither demand power nor are ready to make use of it; they will learn only to be bored in a new way.”
—Cyril Connolly (1903–1974)