Saudi CMA proposes easing capital rules for securities activities

RIYADH: Saudi Arabia has proposed cutting the minimum capital requirement for securities businesses by 60 percent to SR20 million ($5.33 million), as part of broader reforms aimed at easing market entry and modernizing regulations. The proposed amendments, released by the Capital Market Authority for public consultation, would also introduce differentiated capital requirements for securities dealing activities based on their risk profile, while tightening technology governance and compliance standards.

Raccontata daarabnews.com