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01
Saudi CMA Legal & Regulatory Framework
Core CMA Instruments, Enforcement, and Future Trends
This foundational module provides a comprehensive overview of the Saudi CMA legal and regulatory framework. It covers the core CMA instruments including the Capital Market Law, Capital Market Institutions Regulations (CMIR), Investment Funds Regulations, Securities Business Regulations, and Market Conduct Regulations. It also examines enforcement mechanisms and penalties, practical insights from recent CMA actions, and future trends including digital assets, fintech, and ESG compliance.
Learning Outcomes
1
Apply CMA laws, implementing regulations, and guidance to real-world situations.
2
Recognize CMA enforcement trends and regulatory priorities.
3
Develop compliance risk management systems tailored to Saudi law.
Key Regulations
| Regulation | Relevance |
|---|---|
| Capital Market Law (CML) | Foundational legislation establishing the CMA |
| Capital Market Institutions Regulations (CMIR) | Licensing and conduct of business rules |
| Investment Funds Regulations (IFR) | Fund establishment and management |
| Market Conduct Regulations | Market behaviour and disclosure obligations |