Document background
The Broker Dealer Contract is a fundamental document used to establish and govern the relationship between licensed securities broker-dealers and their clients in Saudi Arabia. This agreement is essential for any entity providing brokerage services in the Saudi Arabian market and must comply with the Capital Market Authority (CMA) regulations, Saudi Commercial Law, and Sharia principles. The contract outlines crucial elements including service scope, client classification, fee structures, risk disclosures, and regulatory compliance requirements. It is specifically designed to meet the unique regulatory environment of Saudi Arabia's financial markets, incorporating both international best practices and local regulatory requirements. The document is typically required when establishing new client relationships or updating existing arrangements to reflect current regulatory standards.
