A source at the Capital Market Authority said that the new stage for the Saudi Capital Market, which is aligned with the Saudi Vision 2030, includes stimulating and positive changes for investment. Those changes are represented in restructuring the market and its financial institutions that include CMA, the Saudi Stock Exchange (Tadawul), Securities Depository Center and the Authorized Persons. Opening the market for more local and international investors, increasing the number of listed companies and the size of the market in general, in addition to developing the debt market and investment products are all essential at the new stage. Furthermore, it is important to develop the strategy and scope of work of the financial institutions as well as raise the quality of related regulatory rules and procedures. All of the developmental changes require developmental efforts from the financial institutions to accommodate the new era. One of the new changes, which is applied internationally and will be applied locally, is changing the transaction settlement cycle of listed shares from (T+0) to (T+2) in addition to the introduction of securities lending and covered short-selling. The source confirmed that the Authority will continue, through its strategic plan, to strengthen its role in regulating and developing the market in addition to providing a safe investing environment. That is done by the continuous efforts to update the rules and implementing regulations, encourage the offering of new securities and investment instruments and enhance the disclosure and transparency levels to provide confidence and credibility in the market and protect investors.
