Tadawul Adds Regulations on Securities Lending
The Saudi Securities Authority has emphasized the necessity for all financial market institutions to adhere to the conditions for lending listed securities. This includes obtaining explicit and written consent from clients before executing lending transactions. It clarified that the activity of securities lending must comply with the Financial Market Law and its executive regulations, along with adhering to suitability requirements and governing provisions. This circular aims to strengthen oversight and protect investors' rights, while continuing to monitor compliance and enforce regulatory measures against violators to ensure the integrity and fairness of the financial market.
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