The Capital Market Law
Art. ThirteenStatus 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.
Freshness not yet recorded