Joint Workshop Between CMA & the Branch of the Bureau of Investigation & Public Prosecution in Riyadh

The CMA in coordination with the Bureau of Investigation and Public Prosecution in Riyadh has concluded a joint workshop activities that took place at CMA headquarters and discussing the major functions of each Authority in regards to the violations of the Capital Market Law, and the procedures in addition to discussing further development and also the exchange and transfer of experiences between the two Authorities, including those relating to discover manipulation and misleading violations in the Capital Market which stated in Article forty-ninth of the Capital Market Law, and insider Trading violations set forth in Article fifty of the Capital Market Law. As was viewed the mechanism used in the Capital Market Authority in monitoring and follow up such violations, and the inference procedures, as well as the means of proof in these cases, as well as the previous experience of the Capital Market Authority in raising public proceedings in those cases in front of The Committee for the Resolution of Securities Disputes.
It is noteworthy that since the transfer of the functions of investigation and prosecution in the violations referred to the Bureau of Investigation and Public Prosecution until the end of spring first 1438 H, In total (71) suspected cases referred by the Capital Market Authority to the Bureau of Investigation and Public Prosecution.