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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.

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Client Alert | 4 min read | 07.02.25

FTC Orders Divestitures in Retail Fuel Outlet Deal and Signals a Return to More Standard Remedy Discussions

Merger consent orders are back at the FTC, and the FTC’s most recent action showcases how the current leadership is analyzing divestiture proposals. Last week, the FTC approved a proposed consent agreement in Alimentation Couche-Tard Inc.’s (ACT) acquisition of retail fuel outlets from Giant Eagle, Inc. that paired standard retail divestitures with a “prior notice” requirement that ACT notify the agency of future acquisitions in certain markets regardless of size. This FTC has signaled greater acceptance of remedies than the prior administration, and this most recent consent puts that on display, with Commissioner Meador providing merging parties guidance on designing effective remedies....