(Tadawul) AIn reference to the market enhancements announced by The Saudi Stock Exchange (Tadawul) on January 10, 2018:
1.    Updating the Independent Custody Model (ICM) to enhance qualified institutional investors –locally and internationally- access to the market by providing more flexibility in trading limits for ICM clients.
2.    Introducing a new optional model to allow asset managers to aggregate the orders of managed assets (discretionary portfolios “DPs” and investment funds), assuring best execution and fair allocation for their funds and clients.
Tadawul announces that the Board of the Capital Market Authority (“CMA”) has issued its Resolution number (1-7-2018) and Resolution number (2-7-2018) dated on 18/01/2018, pursuant to the Capital Market Law issued by Royal Decree (M/30) dated 2/06/1424H, regarding the approval of the Exchange Rules mentioned below:
1.    Amended Securities Depository Centre Rules
2.    Amended Trading Procedures 
3.    Orders Aggregation Accounts Regulations
4.    Amended Glossary of Defined Terms Used in the Exchange Rules 
Furthermore, (Tadawul) announces the issuance of its Board resolution amending (The Exchange and Centre Procedures).
It should be noted that these Rules and Procedures shall be effective on Sunday January 21, 2018.

nounces The Approval of Exchange Rules and Procedures for the Updated Independent Custody Model and Aggregate Orders Model