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 ... more

    What 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 ... more

    What 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: ... more

    Who 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. ... more

    Can 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. ... more

    Is 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. ... more

    What 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. ... more

    Are 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 ... more