1. Home
  2. |Insights
  3. |Saudi Arabia to Open Stock Market to Foreign Financial Institutions

Saudi Arabia to Open Stock Market to Foreign Financial Institutions

Client Alert | 1 min read | 07.23.14

On July 22, 2014, the Saudi Arabian Capital Market Authority (CMA) announced that foreign financial institutions will be permitted to buy and sell stocks listed on the Saudi stock market in accordance with applicable CMA rules. Next month, the CMA plans to release draft proposed rules governing the investment by foreign financial institutions in eligible listed stocks and then solicit opinions and suggestions from investors and other interested parties on the CMA's proposed rules. Opinions and proposals on the CMA's draft proposed rules will be welcome for a period of 90 days. The CMA indicated that it will review the opinions and proposals concerning the draft proposed rules by the end of 2014, check the readiness of the Saudi Stock Exchange (Tadawul) to implement the finalized rules, and coordinate with the relevant Saudi government authorities prior to adopting the finalized rules. The CMA plans to open the Saudi stock market to investment by foreign financial institutions in the first half of 2015.


Insights

Client Alert | 3 min read | 09.15.26

Private Investigations Act Series: An Introduction to the New Legal Framework for Internal Investigations in Belgium

Until recently, Belgian law did not have a general regulatory framework for internal investigations. Companies wishing to conduct an investigation had to navigate a fragmented set of rules that covered general principles and, to a limited extent, privacy and employee rights. The application of these rules to internal investigations was not clear, and it was therefore often difficult to put the rules into practice. This legal vacuum created significant risks, both for the integrity of the investigation itself and for the admissibility of any evidence gathered. ...

View All Insights