01709cas a2200241 a 4500 AALejournalIMF011811 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503050 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Saudi Arabia : Reports on the Observance of Standards and Codes. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (45 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Saudi Arabia's Report on Standards and Codes has been examined. The Capital Market Authority (CMA) has made significant progress in establishing its supervision credentials, including issuing implementing regulations. The CMA approach to supervision is both risk-based and compliance-focused, and the cost of compliance needs to be a more central focus when establishing mandatory obligations. The CMA has general and broad powers for inspection and investigation, and it conducts full electronic surveillance of the market. The CMA has the authority to investigate potential violations and to bring enforcement action seeking civil and criminal penalties. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/093 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/093/002.2012.issue-093-en.xml IMF e-Library