Monday May 26 2025
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Saudi Arabia
On 25th May 2025, the Capital Market Authority (CMA) proposed Draft Regulatory Framework for the Offshore Securities Business License.
The proposed draft aims to enhance the Kingdom’s position as a regional and global financial hub for securities by enabling local capital market institutions and attracting several international capital institutions, by granting them an Offshore Securities Business License through their regional headquarters licensed by the Ministry of Investment, and by adopting the regulatory framework for this activity.
The proposed draft includes a set of facilitations for obtaining the Offshore Securities Business License. These include eased requirements related to legal structure, minimum paid-up capital, registration of required positions, financial adequacy obligations, and other relevant conditions, aligned with international standards and global practices suitable for the Saudi capital market.
Furthermore, a legal entity affiliated with a local capital market institution and holding a license from the Ministry of Investment will also be eligible to apply for the Offshore Securities Business License.
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