Article 7(e): Instructions for Opening Investment Accounts for Legal Persons
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.
e) Opening Investment Accounts for Endowments or for Establishments Owned by Endowments
1) When opening an investment account for an endowment in the Kingdom, the capital market institution must obtain and verify information of the following documents: -Approval and endowment registration certificate issued by the General Authority of Endowments. -National identification card of the endowment's trustee / board of trustees. ماع - Public -National identification card of the authorised signatories to operate the investment account and the delegation resolution (if there is a delegation of the power to operate such account).
2) When opening an investment account for an establishment owned by an endowment in the Kingdom, the capital market institution must obtain and verify information of the commercial register of the establishment, and information of the documents provided in subparagraph (1) of paragraph (e) of this Article for the endowment which owns the establishment. investment account
Text read on · 26c605478fed
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.
Cited on the platform
Counts only: the platform's own baseline limits and catalogued duties that cite this reference. No firm's rulebook appears here.
- Baseline limits
- 00 verified
- Duties
- 00 verified
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
ComAgents — the regulator-facing accountability layer for CMA-regulated firms. The text of each article is the Authority's, reproduced with attribution and a link to the source.