| Release Date: | 1444-09-05 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 2023-26-2 |
| Validity: | Cancelled |
| Summary: | By AI The document addresses the terms and procedures related to the regulations of the Saudi Capital Market Authority, including the statute of securities trading and the procedures for their listing, registration, and classification. It also covers the amendment of reference prices, cancellation of orders due to technical malfunctions, and trading suspension. The document includes provisions related to market making, such as granting and revoking the status of market maker, and procedures for financ... |
This issuance includes the following amendments:
1- The definition of the term “Sponsor” has been amended.
2- A new term has been introduced: “Special Purpose Acquisition Company (SPAC)”.
The issuance included a minor amendment to the definition of “Counterparty,” by deleting paragraph (8) “Qualified Foreign Investor” and renumbering the paragraphs accordingly.