Regulations Governing Foreign Investment in Securities

Release Date:	1444-09-05
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	2023-26-2
Validity:	Cancelled
Summary:	By AI The Board of the Capital Market Authority has decided to approve the rules governing foreign investment in securities and the amended investment account instructions, which will be applied from the date of their publication. Two paragraphs from the definition of "qualified investor" related to non-resident foreigners and foreign financial institutions have been removed, and some phrases in the Implementing Regulation of the Companies Law have been amended. The rules include five main chapters ad...

Release Date:

1444-09-05

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

2023-26-2

Validity:

Cancelled

Summary:

By AI

The Board of the Capital Market Authority has decided to approve the rules governing foreign investment in securities and the amended investment account instructions, which will be applied from the date of their publication. Two paragraphs from the definition of "qualified investor" related to non-resident foreigners and foreign financial institutions have been removed, and some phrases in the Implementing Regulation of the Companies Law have been amended. The rules include five main chapters ad...