The Board of the Capital Market Authority,
based on the Capital Market Law issued by Royal Decree D/30 dated 2 Jumada Al-Thani 1424 [31 July 2003],
hereby decides
(a) The amendment of the Instructions for Investment Accounts is hereby approved in accordance with the form attached, and comes into force from the date of its publication.
(b) The amendment to the Rules Regulating Foreign Investment in Securities is hereby approved in the form attached, and comes into force from the date of its publication.
(c) Article 39(c) of the Capital Market Institutions Regulation issued by board Decision 1-83-2005 dated 21 Jumada Al-Awwal 1426, corresponding to 28 June 2005, amended by Decision 4-122-2024 dated 13 Rabi Al-Thani 1446, corresponding to 16 October 2024, is hereby amended to read as follows:
A capital market institution shall request its clients to update the details required under this regulation upon the occurrence of any change to it, the expiry of its validity, or at the end of each interval specified by the capital market institution in accordance with the controls and policies it adopts on the basis of the level of risks associated with the client, whichever is earlier, provided that the capital market institution conducts a periodic review to study the extent of the need to update the client details at least once every five years, and the capital market institution shall establish permanent procedures and policies in order to achieve this.
It enters into force from the date of its publication.
(d) The content of paragraphs (a), (b), and (c) of this decision must be announced on the websites of the authority and the Saudi Tadawul Company.
Chairman of the Board of the Capital Market Authority
Mohammed bin Abdullah Al-Quweiz
Issued on: 28 Dhu Al-Qa’dah 1446
Corresponding to: 26 May 2025
Published in Umm Al-Qura 5101 issued on 15 August 2025.