Logo ofCapital Market Authority (CMA)
The Capital Market Authority (CMA) has invited all interested parties and market participants to share their views on the draft update of the FinTech ExPermit Instructions. The consultation period will last for 30 calendar days, ending on May 27, 2026. 
According to CMA, the proposed update aims to enhance clarity and flexibility in the provisions of these instructions, thereby supporting innovation in the financial sector and enabling FinTech solutions.
The proposed amendments include adding regulations related to the application process, as well as rules governing the resubmission of applications if previously rejected. These require a minimum of three months to pass from the date the applicant is notified of the rejection decision, with the condition that all previous observations must be addressed before reapplying, said the regulator.
CMA also outlined several regulatory controls aimed at improving supervision and oversight of authorized companies, mainly expanding the scope of FinTech to cover products and services based on technological solutions that provide financial services related to securities business or the capital market.
Additionally, the draft includes proposed measures to strengthen governance and operational efficiency of FinTech companies, along with new business continuity requirements. These changes are intended to support market stability and enhance investor confidence.
Logo ofCapital Market Authority (CMA)
The Capital Market Authority (CMA) has invited all interested parties and market participants to share their views on the draft update of the FinTech ExPermit Instructions. The consultation period will last for 30 calendar days, ending on May 27, 2026.
According to CMA, the proposed update aims to enhance clarity and flexibility in the provisions of these instructions, thereby supporting innovation in the financial sector and enabling FinTech solutions.
The proposed amendments include adding regulations related to the application process, as well as rules governing the resubmission of applications if previously rejected. These require a minimum of three months to pass from the date the applicant is notified of the rejection decision, with the condition that all previous observations must be addressed before reapplying, said the regulator.
CMA also outlined several regulatory controls aimed at improving supervision and oversight of authorized companies, mainly expanding the scope of FinTech to cover products and services based on technological solutions that provide financial services related to securities business or the capital market.
Additionally, the draft includes proposed measures to strengthen governance and operational efficiency of FinTech companies, along with new business continuity requirements. These changes are intended to support market stability and enhance investor confidence.
