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The Capital Market Authority (CMA) approved today, Feb. 8, the exemption of capital market institutions from the requirements of Article 42 and Article 43 of the Capital Market Institutions Regulations in the following cases:
1. When conducting securities business activities with a client or for his account (ultimate beneficiary) who is a client of a capital market institution licensed to conduct management activities and takes investment decisions on behalf of its client.
2. When conducting securities business activities with financial technology companies permitted by CMA to experiment Robo-Advisory service, and when conducting securities business activities with a client or for his account (ultimate beneficiary) who is a client of a financial technology company permitted by CMA to experiment Robo-Advisory service.
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