Securities Regulation & Compliance Flashcards
6 cards from real CME-1 practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Securities Regulation & Compliance flashcards as text
What are 'Continuing Obligations' for listed companies under CMA rules?
Answer: Ongoing duties to disclose material information, publish financial statements, and comply with governance standards
Continuing Obligations require listed companies to continuously disclose material events, publish audited financials, comply with corporate governance, and maintain listing standards.
What is the deadline for listed companies to publish annual audited financial statements under CMA rules?
Answer: 3 months after year-end
Listed companies must publish CMA-compliant annual audited financial statements within three months of their financial year end.
What is a 'material fact' that requires immediate disclosure under CMA rules?
Answer: Information whose disclosure could reasonably affect the price of securities or an investor's decision
A material fact is any information that a reasonable investor would consider significant in making an investment decision, requiring prompt public disclosure.
Which CMA regulation establishes corporate governance standards for listed Saudi companies?
Answer: Corporate Governance Regulations
The CMA Corporate Governance Regulations set mandatory standards for board composition, committees, shareholder rights, and disclosure for listed companies.
What percentage of a listed company's board must be independent directors under CMA governance rules?
Answer: At least one-third must be independent
CMA Corporate Governance Regulations require that at least one-third of a listed company's board members be independent directors to protect minority shareholders.
What is the role of the Audit Committee in a CMA-listed company?
Answer: Overseeing financial reporting, internal audit, and external auditor appointment
The Audit Committee supervises financial reporting integrity, oversees internal audit functions, recommends external auditor appointment, and reports to the board.
How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy
Sources & references
Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy