| Release Date: | 1439-04-09 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 2017-123-3 |
| Validity: | Cancelled |
| Summary: | By AI The Capital Market Authority Board has approved the Rules for Offering Securities and Continuing Obligations, which will come into effect as of April 1, 2018, replacing the previous regulations. The rules include provisions related to public and private offerings, define the responsibilities of offerors, and specify notice requirements to the Authority. The offering of securities in the Kingdom is prohibited except in accordance with these rules, and the offeror must notify the Authority with de... |
| Umm Al-Qura Newspaper: | ![]() |
The issuance included a minor amendment to the following:
Article Seventy-Four, paragraphs (e) and (d), and Article Eighty-Five, paragraphs (a, b, c, d), by replacing the phrase “qualified investors in the parallel market” with the phrase “qualified investors.”
Article Seventy-Nine, paragraph (w), and Article Eighty-Three, paragraph (d), by replacing the phrase “qualified investor in the parallel market” with the phrase “qualified investor.