FAQ
What are the parties that have jurisdiction over the securities disputes?
Pursuant to Article Twenty Five of the Capital Market Law, promulgated by Royal decree No. (M/30) dated 02/06/1424H, corresponding to 31/07/2003 ...
moreWhat are the cases and matters that fall within CRSD responsibilities?
Pursuant to Article Twenty Five of the Capital Market Law, CRSD shall have jurisdiction over the following cases:
• Public actions, which are filed against the violators of the Capital Market Law and its implementing rules ...
moreWhat do you have to do before filing a case with CRSD?
No complaint or statement of claim may be filed with CRSD without being filed first with CMA’s Department of Investors Complaints of Enforcement Department provided that: ...
moreWho will receive the pleading?
The competent staff at the Complaint Reception Office, at the Secretariat of CRSD, receive the pleading and attachments and refer them to the chairman of CRSD. ...
moreCan CRSD’s decisions be appealed?
Yes, CRSD’s decisions may be appealed before ACRSD in accordance with Article Twenty Five, paragraph (f) of the Capital Market Law. ...
moreIs there a specific time for depositing the appeal?
According to Article Twenty Five, paragraph (f) of the Capital Market Law, CRSD’s decision may be appealed within thirty days from receiving CRSD decision. ...
moreWhat are the requirements for filing an appeal?
To file an appeal, it is required that:
• The appeal should be deposited within thirty days from receiving the copy of CRSD decision. ...
more What are the decisions that are passed by ACRSD?
Pursuant to Article Twenty Five, paragraph (g) of the Capital Market Law, ACRSD shall have the discretion to:
• Refuse to review CRSD decisions. ...
moreAre CRSD and ACRSD functionally independent?
CRSD and ACRSD are fully independent to discharge their duties. Article Twenty Five of Capital Market Law stipulates the formation of litigation bodies that are specialized in securities disputes and fully independent to issue decisions ...
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