Saudi Arabia Issues New Regulations for Credit Rating Agencies
Client Alert | 1 min read | 11.12.14
As part of its efforts to further develop the capital market in the Kingdom of Saudi Arabia and to regulate and monitor the work and activities of parties subject to its control and supervision, the Saudi Arabian Capital Market Authority (CMA) has issued new Credit Rating Agencies Regulations (CRA Regulations). The CRA Regulations will take effect as of September 1, 2015.
The CRA Regulations regulate the conduct of credit rating activities in the Kingdom and the monitoring thereof, and they specify the procedures and conditions for obtaining a license to undertake credit rating activities. International best practices and standards were considered while preparing the CRA Regulations. Public consultations with finance professionals and other interested parties were taken into account when preparing the CRA Regulations.
The CRA Regulations can be viewed on CMA's website here.
Insights
Client Alert | 8 min read | 09.08.26
Saxon Woods Investments Limited v Costa [2026] UKSC 21: Good Faith in the Boardroom
The UK Supreme Court has unanimously dismissed the appeal of Mr Francesco Costa, former chairman of Spring Media Investments Limited, in the first Supreme Court judgment to consider the scope of the duty under section 172(1) of the Companies Act 2006. The foundational position is that good faith requires honest conduct as well as honest thinking. A director's genuine belief that they are acting in the company's best interests will not excuse covert or disloyal conduct in pursuit of that belief.
Client Alert | 2 min read | 09.08.26
IRS Takes Aim: Proposed Rule Threatens Tax-Exempt Status of Private Schools
Client Alert | 5 min read | 09.03.26
Client Alert | 6 min read | 09.03.26
FDA Seeks Input for Regulating GenAI-Powered Medical Devices
