The Capital Markets Authority (CMA), regulator of the Saudi Arabia’s Tadawul stock market, has issued its draft regulations to admit foreign investors.
The CMA is allowing a 90-day consultation period during which interested parties – banks, government officials and market participants – can criticize the regulatory framework and suggest modifications. This framework is therefore likely to be amended in light of the feedback the CMA receives in the three-month period ending on 20 November 2014. (CONTINUED - 605 WORDS)
