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Financial Authority sets new arbitration rules
The Board of Directors of the General Authority for Securities Regulation issued a decision to establish a system for executing judicial and arbitration rulings concerning securities not listed on the stock exchange. The aim is to facilitate the processes of transferring ownership in response to previous issues of delays and non-execution. The new system allows requests for execution to be submitted to the Central Depository and Registry Company, along with the necessary legal documents. Ownership transfer and financial settlement will be carried out directly, with operations monitored and relevant authorities notified to ensure swift implementation and protect the rights of all parties. The decision seeks to enhance market attractiveness and improve the investment environment by reducing legal and administrative obstacles to the enforcement of final judgments.
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