Capital Market Authority Approves a New Series of Qualification Examinations

Monday, November 07, 2022 at 6:21 PM

The Capital Market Authority ("CMA") announced today its approval of a new series of the Qualification Examinations for the registrable functions or those who want to be registered in the capital market institutions. This comes in line with the developments in the capital market regulations and in the international capital markets. To this end, it requires providing professional cadres qualified to engage in securities business and candidates who seek to develop their skills in the financial sector and build capabilities in the capital market.
These examinations, which were developed by the CMA in cooperation with the Financial Academy and the Chartered Institute for Securities and Investment (CISI), followed the best practices applied internationally. The said step shall enable the capital market institutions to meet the investors’ expectations, raise the securities business quality and develop the performance of various activities, in addition to expanding the base of professional national cadres.

The table below shows the new series of the qualification examination:
#    Examination
1    International Introduction to Securities and Investment (CME-1A)
2    General Saudi Capital Market Rules and Regulations (CME-1B)
3    Global Financial Compliance (CME-2A)
4    Saudi Capital Market Rules and Regulations – Compliance, Anti-Money Laundering and Combating the Financing of Terrorism (CME-2B)
5    Securities (CME-3A)
6    Saudi Capital Market Rules and Regulations– Brokers (CME-3B)
7    Saudi Capital Market Rules and Regulations –Asset Managers (CME-4B)
8    Saudi Capital Market Rules and Regulations – Corporate Finance (CME-5B)
This is in addition to International Certificate in Wealth and Investment Management (CME-4A) and Corporate Finance Technical Foundations (CME-5A) which have been previously approved by CMA.

In light of the above, the required examinations as per the registrable functions , Click here

The new series of examinations shall be held as of February 1, 2023, and shall be obligatory from said date. All candidates who passed the CMA’s current qualification examinations are still qualified for registration with CMA as per the requirement of every registrable function without the need for obtaining the new examinations. 
For more information about CMA’s Qualification Examinations, visit the following link: 
Capital Market Qualification Examinations