| Type: | Circular |
|---|---|
| Date: | 1439-06-24 |
| Document Number: | ص/18/1868/6/1 |
| Source: | Capital Market Authority |
| Summary: | By AI The document addresses the guidelines of the Capital Market Authority regarding the management of investment portfolios by unlicensed financial institutions in the Kingdom. Licensed financial institutions in the Gulf Cooperation Council (GCC) countries are permitted to manage the portfolios of their clients who are citizens of those countries without the need for local licensing. Licensed individuals must provide the names of these institutions and a corrective plan within two months from the da... |