Alqanoni

The Capital Market Law

Art. Thirteen
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

a) The financial resources of the Authority shall consist of the following: 1) Fees for services and commissions charged by the Authority in accordance with the provisions of this Law and the regulations and instructions issued in pursuance thereof. 2) Charges against using its facilities, returns on its funds, and proceeds of the sale of its assets. 3) Fines and financial penalties imposed on violators of the provisions of this Law. 4) Funds provided by the government to the Authority. 5) Any other resources determined by the Board. Page 15 of 60 b) The Board shall determine the fees to be paid to the Authority for the following matters: 1) Registration of Securities with the Authority. 2) Listing of Securities on the Exchange. 3) Trading of Securities. 4) Licensing and renewal of licenses of brokerage companies or investment advisers. 5) Registration of investment funds. 6) Any other service provided by the Authority in accordance with the provisions of this Law and its Implementing Regulations.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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