CmaBoardReleases
Title: Circular No. (08) of 2021 Regarding the Registration at Ci-Net - Credit Information Network
Within the framework of implementing the provisions of Law No. (07) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments, and in implementation of Resolution No. (53) of 2021 issued on 22/4/2021 regarding Amending Some Provision of Module One (Glossary) and Module Eleven (Dealing in Securities) of the Executive Bylaws of Law No. 7 of 2010 regarding the provisions regulating the offering of the margin trading service.
The Capital Markets Authority (CMA) draws the attention of all licensed persons who wish to offer the margin trading service as an implementation of the resolution mentioned above to the importance of registering at Ci-Net - Credit Information Network so that the licensed persons can review the solvency and evaluate the credit status of each client before offering the margin trading service in accordance with its regulating policies and procedures.
Prof. Ahmad AlMelhem
Issued on: 20/5/2021