Publication:
Financial Sector Assessment Program Update : Saudi Arabia - The IOSCO Objectives and Principles of Securities Regulation

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T17:22:20Z
dc.date.available2013-10-01T17:22:20Z
dc.date.issued2011-09
dc.description.abstractThe regulatory framework for the securities market in Saudi Arabia has significantly developed since the enactment of legislation to regulate the capital markets. The Capital Market Authority (CMA) has made significant progress in establishing its supervision credentials, including issuing implementing regulations. The CMA has also entered into information sharing arrangements with other regulators in the region, and is a party to the International Organization of Securities Commissions (IOSCO) Multilateral Memorandum of Understanding (MMOU) Concerning Consultation and Cooperation and the Exchange of Information. However, no information sharing arrangement exists with the Saudi Arabian Monetary Agency (SAMA). Even so, refinements can be made to processes, the Capital Market Law (CML), and the Committee for the Resolution of Securities Disputes (CRSD). The framework contained in the CML and the implementing regulations is still relatively new. However, revision and updating of the requirements needs to be a continuing program, involving fuller regulated entity participation. The assessment is part of the financial sector assessment program update made at the request of Saudi Arabia, and is the first assessment conducted of the implementation of the IOSCO objectives and principles of securities regulation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/09/18170311/saudi-arabia-international-organization-securities-commissions-iosco-objectives-principles-securities-regulation-detailed-assessment-observance
dc.identifier.doi10.1596/15971
dc.identifier.urihttps://hdl.handle.net/10986/15971
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectAGGREGATE VALUE
dc.subjectALTERNATIVE TRADING SYSTEM
dc.subjectASSETS UNDER MANAGEMENT
dc.subjectAUDITOR
dc.subjectAUDITORS
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBID
dc.subjectBUSINESS REGULATIONS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET LAW
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCHECKS
dc.subjectCLIENT ASSETS
dc.subjectCLIENT IDENTIFICATION
dc.subjectCODE OF CONDUCT
dc.subjectCOLLECTIVE INVESTMENT
dc.subjectCOLLECTIVE INVESTMENT SCHEMES
dc.subjectCOMMON LAW
dc.subjectCONFIDENTIALITY
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONTRACTUAL ENTITLEMENTS
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE FINANCE
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT EXPOSURES
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCUSTODY
dc.subjectCUSTODY ARRANGEMENTS
dc.subjectCUSTODY SERVICES
dc.subjectDEBT
dc.subjectDEBT INSTRUMENTS
dc.subjectDEBT SECURITIES
dc.subjectDEED
dc.subjectDEEDS
dc.subjectDEFAULT RISK
dc.subjectDEPOSITORY
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE MARKET
dc.subjectDERIVATIVES
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISSEMINATION OF INFORMATION
dc.subjectDOMESTIC MARKET
dc.subjectENFORCEMENT ACTION
dc.subjectENFORCEMENT ACTIONS
dc.subjectENFORCEMENT POWERS
dc.subjectENTRY BARRIERS
dc.subjectEQUITIES
dc.subjectEQUITY MARKET
dc.subjectEQUITY SECURITIES
dc.subjectEXPENDITURES
dc.subjectFAIR VALUATION
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREIGN INTEREST
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFRAUD
dc.subjectFRONT RUNNING
dc.subjectFULL DISCLOSURE
dc.subjectFUND ASSETS
dc.subjectFUND INVESTORS
dc.subjectFUND MANAGEMENT
dc.subjectFUND MANAGER
dc.subjectFUND MANAGERS
dc.subjectFUND OBJECTIVES
dc.subjectFUND PERFORMANCE
dc.subjectFUND TYPES
dc.subjectFUTURES
dc.subjectGLOBAL STANDARDS
dc.subjectGOVERNANCE REGULATIONS
dc.subjectHOLDING
dc.subjectINDEBTEDNESS
dc.subjectINFORMATION SHARING
dc.subjectINFORMED INVESTMENT DECISION
dc.subjectINITIAL PUBLIC OFFERINGS
dc.subjectINSIDER
dc.subjectINSIDER TRADING
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURERS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTING
dc.subjectINVESTMENT COMPANY
dc.subjectINVESTMENT DECISION
dc.subjectINVESTMENT FUND
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT STRATEGIES
dc.subjectINVESTOR CONFIDENCE
dc.subjectINVESTOR PROTECTION
dc.subjectIPO
dc.subjectISSUANCE
dc.subjectJOINT STOCK COMPANIES
dc.subjectJOINT STOCK COMPANY
dc.subjectJOINT-STOCK COMPANIES
dc.subjectJURISDICTION
dc.subjectLACK OF TRANSPARENCY
dc.subjectLEGAL ENTITY
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLIABILITY
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLOCAL MARKET
dc.subjectMACROECONOMIC POLICIES
dc.subjectMANAGEMENT OF MUTUAL FUNDS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET INFORMATION
dc.subjectMARKET INTERMEDIARIES
dc.subjectMARKET INTERMEDIARY
dc.subjectMARKET MANIPULATION
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRACTICES
dc.subjectMARKET PRICES
dc.subjectMARKET REGULATORS
dc.subjectMARKET STRUCTURE
dc.subjectMATURE MARKETS
dc.subjectMONETARY FUND
dc.subjectMONEY LAUNDERING
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUNDS
dc.subjectNET CAPITAL
dc.subjectOPERATIONAL INDEPENDENCE
dc.subjectPERSONAL INFORMATION
dc.subjectPOTENTIAL INVESTOR
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRICE LIMIT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE PLACEMENT
dc.subjectPRIVATE PLACEMENTS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROSPECTUS
dc.subjectPROSPECTUSES
dc.subjectPROTECTION OF INVESTORS
dc.subjectPUBLIC INFORMATION
dc.subjectPUBLIC OFFERINGS
dc.subjectPURCHASE OF SECURITIES
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE FUND
dc.subjectREAL ESTATE FUNDS
dc.subjectREAL ESTATE INVESTMENT
dc.subjectREAL PROPERTY
dc.subjectREDEMPTION
dc.subjectREDEMPTION OF UNITS
dc.subjectREGULATORY AGENCIES
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY OVERSIGHT
dc.subjectREGULATORY REGIME
dc.subjectREGULATORY REQUIREMENT
dc.subjectREGULATORY STRUCTURE
dc.subjectREGULATORY SYSTEM
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT POLICIES
dc.subjectSECONDARY MARKETS
dc.subjectSECONDARY OFFERINGS
dc.subjectSECURITIES
dc.subjectSECURITIES ACTIVITIES
dc.subjectSECURITIES COMMISSIONS
dc.subjectSECURITIES EXCHANGE
dc.subjectSECURITIES EXCHANGES
dc.subjectSECURITIES HOLDINGS
dc.subjectSECURITIES LAW
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES REGULATION
dc.subjectSECURITIES REGULATIONS
dc.subjectSECURITIES REGULATOR
dc.subjectSECURITIES TRANSACTIONS
dc.subjectSEIZURE
dc.subjectSELF-REGULATION
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSHAREHOLDERS RIGHT
dc.subjectSHORT SELLING
dc.subjectSOPHISTICATED INVESTORS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCKS
dc.subjectSUKUK
dc.subjectSWAP
dc.subjectSWAPS
dc.subjectSYSTEMIC RISK
dc.subjectTAX
dc.subjectTERRORISM
dc.subjectTRACK RECORD
dc.subjectTRADE DATE
dc.subjectTRADE INFORMATION
dc.subjectTRADES
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRADING SYSTEMS
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectUNIT HOLDERS
dc.subjectVALUATION
dc.subjectVALUATIONS
dc.subjectWARRANTS
dc.titleFinancial Sector Assessment Program Update : Saudi Arabia - The IOSCO Objectives and Principles of Securities Regulationen
dspace.entity.typePublication
okr.date.disclosure2013-08-30
okr.date.doiregistration2025-05-07T11:15:40.123616Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/09/18170311/saudi-arabia-international-organization-securities-commissions-iosco-objectives-principles-securities-regulation-detailed-assessment-observance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid494741468106751607
okr.identifier.externaldocumentum000333037_20130830123604
okr.identifier.internaldocumentum18170311
okr.identifier.report80737
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/08/30/000333037_20130830123604/Rendered/PDF/807370ESW0Saud00Box379814B00PUBLIC0.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countrySaudi Arabia
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Regulation
okr.topicLaw and Development::Corporate Law
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPublic Sector Development
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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