Saudi Arabia's market regulator, the Capital Market Authority (CMA), is planning to relax rules so as to facilitate more mergers and acquisitions (M&As) among Tadawul-authorized brokerage firms, Al-Jazirah newspaper reported Tuesday, citing unnamed sources close to the matter.
The watchdog is seeking institutions with strong solvency to provide better services for market participants, in line with the National Transformation Plan (NTP) and the Saudi Vision 2030.
The CMA has started reviewing related regulations and policies with respect to securities service fees to achieve this goal, the sources added.
Comments
{{DisplayName}}
{{ElapsedTime}}