The Capital Market Authority (CMA), Saudi Arabia is a Government organization that is responsible for regulating the capital markets of Saudi Arabia. The organization has the financial, administrative and legal independence and reports are directly sent to the Prime Minister. The vast responsibilities of the organization include setting of the rules and regulations, ensuring that the rules are implemented and followed, operating the committee in order to settle the disputes and developing the capital markets. The role also includes the regulation of the Saudi Stock Exchange, known as Tadawul.
Functions of the capital Market Authority
The main function of CMA is to regulate and develop the capital market of Saudi Arabia by issuing the essential rules and regulations. The laws need to be implemented under the provisions of the Capital Market Law of the country. The basic aim of the organization is to create a proper investment environment, reinforce transparency, boost up the confidence and disclosing the standards in the listed companies. The organization also focuses on protecting the investors as well as dealers from the fraudulent and illegal activities occurring in the market.
Duties of CMA
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