Article 10(a): Opening and Operating the Investment Account by Power of Attorney
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
a) The capital market institution shall accept a power of attorney to open or operate an investment account for his natural person client whenever the following conditions are met:
1) The power of attorney is issued by the Notary Public, a person licensed as a notary, or out of the Kingdom and bears an “APOSTILLE” certificate or certified by the Saudi Embassy or Consulate at the issuing country and the Ministry of Foreign Affairs in the Kingdom.
2) The attorney-in-fact is an attorney-in-fact for any of the following:
a. a relative of the attorney-in-fact as a parent, son, daughter, spouse, brother, or sister.
Text read on · 302510408902
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Investment Accounts Instructions (English)
- Last read
- first read
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