Tadawul seeks public opinion on draft rules for trading; clearing, depository centers

The Saudi Stock Exchange (Tadawul), the Securities Clearing Centre (Muqassa) and the Securities Depository Center (Edaa) published the amended draft rules for trading and membership, Securities Clearing Center, Securities Depository Centre, and glossary of defined terms used in the exchange for public consultation.

The public should submit their opinions no later than August 12, 2020.

The amendment of the rules aims to enhance the efficiency and attractiveness of the financial market for domestic and international participants and investors, while enhancing the post-trade infrastructure to provide safe and trustworthy financial framework.

The feedback shall be considered and assessed during the process of issuing the final versions of the documents, the statement added.