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:
“Mark the babe
Not long accustomed to this breathing world;
One that hath barely learned to shape a smile,
Though yet irrational of soul, to grasp
With tiny finger—to let fall a tear;
And, as the heavy cloud of sleep dissolves,
To stretch his limbs, bemocking, as might seem,
The outward functions of intelligent man.”
—William Wordsworth (1770–1850)