Saudi Arabia’s markets regulator loosened its rules for licencing asset management and other investment firms on Sunday, according to a presentation by senior officials at the Capital Market Authority (CMA). The revisions will reduce requirements for obtaining a “management activity” licence, aiming to boost the number of asset managers in the kingdom and increase private equity and venture capital investments, the officials said.
Saudi market regulator loosens asset management rules
The revisions will reduce requirements for obtaining a 'management activity' licence
Reuters Last Updated at October 2, 2017 04:23 IST