CME-1 Securities Regulation & Compliance

Question 1

What are 'Continuing Obligations' for listed companies under CMA rules?

Accepted Answer

Ongoing duties to disclose material information, publish financial statements, and comply with governance standards

Answer

One-time IPO disclosure requirements

Answer

Requirements to maintain CMA approval for all decisions

Answer

Capital maintenance rules only

Question 2

What is the deadline for listed companies to publish annual audited financial statements under CMA rules?

Accepted Answer

3 months after year-end

Answer

30 days after year-end

Answer

60 days after year-end

Answer

6 months after year-end

Question 3

What is a 'material fact' that requires immediate disclosure under CMA rules?

Accepted Answer

Information whose disclosure could reasonably affect the price of securities or an investor's decision

Answer

Any minor operational change

Answer

Changes to employee benefits

Answer

Routine contract renewals

Question 4

Which CMA regulation establishes corporate governance standards for listed Saudi companies?

Accepted Answer

Corporate Governance Regulations

Answer

Investment Funds Regulations

Answer

Anti-Money Laundering Rules

Answer

Margin Trading Regulations

Question 5

What percentage of a listed company's board must be independent directors under CMA governance rules?

Accepted Answer

At least one-third must be independent

Answer

At least one independent director

Answer

At least half must be independent

Answer

Independence is not required

Question 6

What is the role of the Audit Committee in a CMA-listed company?

Accepted Answer

Overseeing financial reporting, internal audit, and external auditor appointment

Answer

Approving new share issuances

Answer

Managing day-to-day operations

Answer

Setting dividend policy