Saudi Arabia : Reports on the Observance of Standards and Codes

Author/Editor:

International Monetary Fund

Publication Date:

April 18, 2012

Electronic Access:

Free Full Text (PDF file size is 533 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Saudi Arabia’s Report on Standards and Codes has been examined. The Capital Market Authority (CMA) has made significant progress in establishing its supervision credentials, including issuing implementing regulations. The CMA approach to supervision is both risk-based and compliance-focused, and the cost of compliance needs to be a more central focus when establishing mandatory obligations. The CMA has general and broad powers for inspection and investigation, and it conducts full electronic surveillance of the market. The CMA has the authority to investigate potential violations and to bring enforcement action seeking civil and criminal penalties.

Series:

Country Report No. 12/93

Subject:

English

Publication Date:

April 18, 2012

ISBN/ISSN:

9781475503050/1934-7685

Stock No:

1SAUEA2012002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

45

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