«السوق المالية»: بدء لائحة التسجيل البيني لصناديق الاستثمار الخليجية

The Capital Market Authority announced the commencement of the application of the unified regulation for inter-registration of investment funds between the regulatory authorities of financial markets in the Gulf Cooperation Council countries starting from the current year 2025.

The unified regulation includes the controls related to the registration and promotion of investment funds in the Council countries, while the Authority has approved a special guide for the funds registered intermediately. The inter-registration regulation for investment funds is a regulation derived from the regulatory framework for the inter-registration of financial products between the regulatory authorities of financial markets in the Gulf Cooperation Council countries.

The Authority aims, through the implementation of the unified regulation and the approval of the inter-registration guide for investment funds, to clarify the procedures that will be applied with local and Gulf funds, enhance financial market services, overcome regulatory challenges, and develop possible mechanisms for the growth of international investments in the Saudi financial market, in addition to increasing the ownership of international investors in investment funds and attracting more foreign investments.

The approved regulation requires that inter-registration be conducted through the regulatory authorities of the financial markets in the country where the fund was established and the host country, where registration requests are submitted to the registered authorities, and the request must include the type of fund intended for promotion (offering), whether it is public or private, along with appointing an (agent) responsible for promoting the fund's units in the host country.