CMA Seeks Public Feedback on Proposed Changes to Investor Categories in Parallel Market
The Capital Market Authority (CMA) has invited stakeholders and interested parties to provide their input on the draft proposal titled “Development of Investor Categories in the Parallel Market.” The proposal outlines potential amendments to the eligibility criteria for investors in the Parallel Market – Nomu, with the consultation period open for 30 days until April 28, 2025.
In a press release issued today, the CMA highlighted that the proposed changes aim to broaden investor participation in the Parallel Market by relaxing certain requirements. Additionally, these adjustments are expected to enhance market accessibility and stimulate growth.
Key Proposed Amendments:
- Revised Terminology: The term “Qualified Investor in the Parallel Market” will now apply exclusively to eligible investor categories.
- Eased Criteria for Individual Investors:
- The minimum transaction requirement for individual investors will be reduced from SAR 40 million to SAR 30 million over the past 12 months.
- The previous condition of executing at least 10 transactions per quarter will be removed.
- Expanded Eligibility for Board Members: Directors and committee members of companies listed on the Parallel Market will now be classified as qualified investors.
Moreover, the CMA emphasized that all feedback will be carefully reviewed before finalizing the amendments, ensuring they align with the goal of fostering a robust and progressive regulatory framework.
Finally, stakeholders may submit their comments via the following link:
CMA Public Consultation Portal
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