Saudi CMA requires client approval for securities loans

The Saudi Capital Market Authority has issued a circular emphasizing the necessity for financial market institutions to obtain the customer's explicit and written consent before lending their listed securities. This measure is aimed at ensuring compliance with regulations and protecting investors' rights. The directive seeks to promote transparency and integrity in securities lending operations and clarifies that simply holding securities in a customer's portfolio does not automatically grant institutions the right to lend them, unless explicitly authorized. The Authority will continue to monitor compliance and enforce regulatory measures against violations to enhance the integrity of the financial market.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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