The Ministry of Commerce and Industry issued a decision to add 14 commercial activities to companies whose conditions comply with the standards set by the Capital Markets Authority while 13 of them are subject to supervision by the Markets Authority.
The decision includes the addition of commercial activities within the applicable limits in the unified guide for the classification of economic activities in the Gulf Cooperation Council countries, reports Al-Rai daily.
The added activities are represented in a clearing agency for the securities depository service, a clearing agency for the central broker, and a clearing agency for the establishment and management of companies whose purpose is to carry out any of the activities of the clearing agency.
It also included the activity of an investment portfolio manager, a collective investment manager, a subscription agent, a custodian, a market maker, investment controllers, securities brokers in the stock exchange, unregistered brokers, and a credit rating agency, in addition to the activity of transporting solid and liquid waste, which falls under the umbrella of transportation and storage, as it is subject to the supervision of the Ministry of Interior and the Environment Public Authority.
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