The Market Wrap.

Middle East & Africa Reg Desk

Monday, 2026-10-12 · covering the last 72h

Gulf

No new rules, consultations or circulars in the window from the Saudi CMA, Tadawul, the UAE's CMA (formerly SCA)/DFSA/ADGM-FSRA/DFM/ADX, Qatar's QFMA/QSE, Kuwait's CMA/Boursa Kuwait, Bahrain's CBB/Bahrain Bourse, or Oman's CMA/MSX, including the Sunday 10–11 October Gulf trading sessions — each checked by name via targeted dated search. The Saudi CMA's four open consultations are unchanged: algorithmic-trading restrictions (comments due 24 Oct), mandatory twice-yearly earnings calls (due 29 Oct), offshore-dealing rules (closes 27 Oct) and IPO book-building/underwriting (closes 22 Oct). No new rulemaking from SAMA, CBUAE or QCB in the window.

Israel

No material new rules from ISA, TASE or the Bank of Israel's Banking Supervision Department. The ISA's draft directive on one-off investment advice and "restricted asset" marketing remains open for comment; the deadline (13 October 2026) falls the day after this edition, and no extension or early close has been reported. Shibolet summary

Africa

JSE consults on Listings Requirements changes to headline-earnings disclosure. The JSE has proposed amendments to its Listings Requirements to track SAICA's revised headline-earnings circular (prompted by IFRS 18, effective 1 January 2027): the changes clarify how headline earnings and HEPS are disclosed, streamline existing reporting and drop the requirement to report diluted HEPS. Comments on the JSE amendments and the SAICA circular are due 13 October 2026. JSE amendments paper

Kenya's CBK/National Treasury consultation on the draft National Payment System Policy and National Payment System Bill 2026 (payment-switch interoperability mandate, new PSP capital thresholds, expanded CBK supervisory powers) closed 9 October 2026; no outcome, extension or next-step announcement (gazettement, tabling in Parliament) has been found yet — worth checking again next edition. No other material new rules, consultations or circulars from South Africa's FSCA or the SARB, Egypt's FRA/EGX or the CBE, Nigeria's SEC/NGX or the CBN, or Morocco's AMMC or Bank Al-Maghrib, each checked by name via dated search.

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

← Fri, Oct 9 Tue, Oct 13 →