Riyadh: The Capital Market Authority (CMA) has called on individuals and entities engaged in the capital market to provide their input on the Draft Regulatory Framework for the Offshore Securities Business License. This consultation period is set to last for 30 calendar days, concluding on 03/01/1447H, equivalent to 28/06/2025.

According to Saudi Press Agency, the proposed draft is designed to bolster the Kingdom's status as a financial hub both regionally and globally. It aims to achieve this by enabling local capital market institutions and attracting international capital institutions. The framework proposes granting these entities an Offshore Securities Business License through their regional headquarters, which must be licensed by the Ministry of Investment, and by implementing the regulatory framework for this activity.

The CMA has underscored that all comments from relevant and interested parties will be thoroughly considered when finalizing the proposed amendments. This feedback will contribute to enhancing and developing the regulatory environment.