SEC studied regulations in other countries to find proper guidelines for supervision, focusing on standardized services and putting investors first. The matter is still under the discussion with
Bin Abdulaziz Al-Homoud, member of CMA Board of Directors, and other CMA executives, to discuss and share information on capital market developments of both countries as well as exchange views on
in which business operators invest. Additionally, the definition of special liabilities will be revised to include other outstanding liabilities for greater flexibility. The essences of the proposed
. relevant roles and demeanors of the person under consideration, other penalty that he/she has already served, the impact, damage or benefits incurred from facts or demeanors under consideration
other business operators within 2 years, the client will not be required to do the suitability test prior to making investment in newly issued shares, warrants or bonds. Also, the submission of client
redemption is not allowed.In addition, in case of advertisement of past performance, the information must be presented in comparison with other trigger funds currently or previously under management of the
listed company. In light of such suspension order, {X1} Securities is still able to operate other businesses under other licenses granted by the SEC.The SEC?s inspection has revealed that {X1} Securities
value of land, constructions and equipments for estimation of such assets? recoverable value. In addition, the auditor was not satisfied using other auditing methods on the value of the said assets. The
addition, the auditor was not satisfied using other auditing methods on the value of the said assets. The SEC, therefore, has directed PRO to rectify its financial statement, submit the rectified version