Tadawul OKs amended market making regulations, procedures

Logo of The Saudi Exchange Co. (Tadawul)

The Saudi Exchange Co. (Tadawul) announced the decision issued by the Capital Market Authority’s (CMA) board, on Nov. 20, 2024, which includes approving the amended market making regulations.

In addition, Tadawul announced the issuance of its board of directors’ decision, dated Aug. 11, 2024, to approve the amended market making procedures, it said in a statement.

The amendments to the market making regulations and procedures aim to regulate the market making activity for the debt market instruments in order to develop the market in alignment with the Financial Sector Development Program’s (FSDP) objectives to develop an effective and diverse capital market, according to the statement.

The amended regulations and procedures will take effect starting from their publishing date.

Market making means providing continuous buy and sell orders for a listed security during the market open session. This aims to ensure providing liquidity for the relevant listed security, in accordance with the provisions of the market making procedures and the market making agreement.