1 Day
Source:
الاقتصادية
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Saudi CMA urges client consent for securities lending
The Saudi Securities Authority emphasized the necessity of obtaining the client's written consent before loaning their securities to ensure regulatory compliance and protect investors' rights. It clarified that having securities in a client's portfolio does not automatically grant institutions the right to lend them; explicit approval from the client is required. This measure aims to strengthen the integrity and fairness of the Saudi stock market. The Authority will continue monitoring compliance with these regulations and take legal action against violators to ensure market integrity.
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