New Securities Law Discussed with Securities Firms and Market Participants

The Capital Market Authority held a discussion session on the draft new securities law. The session was held after the new securities law was posted on CMA’s website for public opinion in December as part of CMA method in preparation and review of the laws and regulation prior to enacting in partnership with market participants.

The session witnessed rich and open discussion and the participants said the new draft contained new concepts which would contribute to upgrading the performance of the stock market and stressed the importance of observing the current situation and the sizes of the companies operating in securities.