Here is the synopsis of our sample research paper on CMA and SEC - Comparison of the Regulatory Framework for Securities Trading in Saudi Arabia and the United States. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 15 page paper looks at the regulatory framework utilized in the way that securities transactions take place in Saudi Arabia and the United States, comparing and contrasting the general approach adopted and obligations placed upon the Capital Market Authority (CMA) and its duties under the Capital Markets Law of 2003, and the Securities and Exchange Commission (SEC) of the United States. The bibliography cites 8 sources.
Page Count:
15 pages (~225 words per page)
File: TS14_TECMASEC.rtf
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Unformatted sample text from the term paper:
is impacted by the way that the securities markets are regulated and may explain why Saudi Arabia is seeing more interest after undertaking significant changes in the regulation in 2003
(Beach, 2005). The government has undertaken a policy to reduce the levels of reliance on oil and to increase employment in other areas, as well as the need to deal
with demographic pressures, as in 2002 40% of the population is 14 years on the (Beach, 2005). Facilitating investment, both internal and external have been noted as key elements in
helping to develop an economy, and the new door which was announced on 20 June 2003, the Capital Market Law had the aim of creating a new era in investment
in Saudi Arabia, effectively creating a "level playing field" within the country for the development of a transparent and consistent legal structure (Beach, 2005). The changes will have introduced and
way in which securities are regulated in Saudi Arabia compared to the United States Securities and Exchange Commission, as a suitable comparison for a developed and generally respected regulatory framework.
The 2003 Capital Markets Law introduced a new system of regulation, with the creation of the Capital Market Authority (CMA), as the singular financial sector regulator in the country. It
includes regulation of securities on the Saudi Arabia stock exchange, which is known as the Tadawul (CMA, 2010; Beach, 2005). Following the publication of linking 2003, CMA was established in
July 2003, and is not responsible for the securities market, which is also the body responsible for overseeing banking industry. Prior to 2003 regulation of the securities markets fell under
the central bank of Saudi Arabia, with the Saudi Arabia Monetary Agency (SAMA), this changed under Royal Decree No. M/30. The CMA is made up of a governing board made
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