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Saudi market regulator loosens asset management rules

The revisions will reduce requirements for obtaining a 'management activity' licence

Reuters 

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. .

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First Published: Mon, October 02 2017. 04:23 IST
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