Deregulating Market Institutions’ Commission of Buying and Selling Listed Equities on Nomu- Parallel Market for Both Seller and Buyer
Tuesday, December 01, 2020 at 3:32 PM
Tue Dec 1, 2020 15:32
In line with the commitment of the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul) to develop Nomu – Parallel Market, CMA has issued an approval to deregulate the Market Institutions’ (Exchange Members) commission of buying and selling listed Equities on Nomu- Parallel Market for both seller and buyer, while Tadawul and CMA commission will remain unchanged. The buying and selling of listed equities commission charged by the Market Institutions shall be decided in agreement between the Market Institutions and their clients. This change will be effective from 3/1/2021.
The Saudi Stock Exchange (Tadawul) is committed to the ongoing development of Nomu – Parallel Market. This change is in line with global best practices, and is currently being introduced as part of the overall Nomu – Parallel Market enhancement plan undertaken by both the CMA and Tadawul.
This move aims to facilitate a more attractive trading environment, enhance the market’s liquidity, and improve the availability of value-added services provided by Market Institutions.