The Capital Markets Authority (CMA) has raised the minimum amount of cash and liquid money equivalents that market intermediaries are required to hold in proposed new regulations meant to revamp the country’s financial markets and boost investor confidence.
The new rules have increased the minimum liquid capital requirement for investment banks and fund managers while introducing new caps for other intermediaries such as broker-dealers, forex brokers, money managers, and Reit managers among others, which were previously not subject to the requirements.
