Middle East & Africa Reg Desk

Monday, 2026-10-05 · covering the last 72h

Gulf

Saudi CMA consults on algorithmic-trading restrictions. The CMA opened a 30-day public consultation on draft regulatory provisions capping the ratio of algorithmic orders to executed trades at 20:1 per trader, per Main Market security, per day (excluding "Very High Liquidity" names), and requiring Capital Market Institutions to maintain governance, testing and record-keeping systems for their trading algorithms, with data available to the CMA and Saudi Exchange on request. Comments are due 24 October 2026. CMA consultation notice

Saudi CMA consults on mandatory twice-yearly earnings calls. A second draft, also open for 30 days' comment, would require all Main Market listed companies to hold earnings calls twice a year, aiming to formalise periodic communication with investors and analysts on financial results and performance. Comments are due 29 October 2026. CMA consultation notice

The CMA's offshore-dealing consultation (closing 27 Oct 2026) and its IPO book-building/underwriting consultation (closing 22 Oct 2026) remain open with no decision. No other material new rules, consultations or circulars from Tadawul/Saudi Exchange, UAE CMA/DFSA/ADGM/DFM/ADX, Qatar QFMA/QSE, Kuwait CMA/Boursa Kuwait, Bahrain CBB, Oman, or the Gulf central banks (SAMA, CBUAE, QCB) in the window, including through Sunday's Gulf trading session.

Israel

No material new rules or consultations from the Israel Securities Authority, TASE, or the Bank of Israel in its rulemaking capacity in the window.

Africa

No material new rules, consultations or circulars from South Africa's FSCA/JSE or the SARB, Egypt's FRA/EGX or the CBE, Nigeria's SEC/NGX or the CBN, Kenya's CMA/NSE or the CBK, or Morocco's AMMC/Bank Al-Maghrib in the window.

Informational only — summaries of public regulatory and central bank sources; not advice.