legal adviser at Capital Market Authority

's Professional Contact Details

Email (Verified)

****

Get Email Address

(800) 245-1111

Location

Nottingham, England, United Kingdom

Company

Capital Market Authority

Person Seniority

entry

Person Functions

legal

's Current Company Details

Capital Market Authority

Riyadh, Riyadh Province, Saudi Arabia • 471 Employees

capital markets

The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister. Functions: The CMA's functions are to regulate and develop the Saudi Arabian Capital Market by issuing required rules and regulations for implementing the provisions of Capital Market Law. The basic objectives are to create an appropriate investment environment, boost confidence, and reinforce transparency and disclosure standards in all listed companies, and moreover to protect the investors and dealers from illegal acts in the market. Duties: â—¾Regulate and develop the capital market and promote appropriate standards and techniques for all sections and entities involved in Securities Trade Operations â—¾Protect investors and the public from unfair and unsound practices involving fraud, deceit, cheating, manipulation, and inside information trading â—¾Maintain fairness, efficiency, and transparency in transactions of securities â—¾Develop appropriate measures to reduce risks pertaining to transactions of securities â—¾Develop, regulate, and monitor the issuance of securities and under-trading transactions â—¾Regulate and monitor the activities of entities working under CMA â—¾Regulate and monitor full disclosure of information related to securities and issuers CMA's Board The CMA is governed by a Board of 5 full-time Commissioners appointed by a Royal Decree: Mr. Mohammed bin Abdullah Elkuwaiz Chairman Dr. Abdulrahman M. Al Barrak Member Dr. Tariq bin Abdullah AlNaeem Member Mr. Wail bin Mohammed AlKahtani Member

Founded Year

2004

Organization Website

cma.org.sa

Current Technologies

office 365

f5 big-ip

google analytics

mobile friendly