The Market Wrap.

Middle East & Africa Reg Desk

Tuesday, 2026-10-13 · covering the last 24h

Gulf

ADGM's FSRA consults on revisions to its Fees Rules and General Rulebook. Consultation Paper No. 6 of 2026 proposes changes to the fee schedule for authorised persons, recognised bodies and DNFBPs and related General Rulebook provisions; feedback is due 6 November 2026. This had not surfaced in prior editions' tracking. ADGM announcement

No other new rules, consultations or circulars in the window from the Saudi CMA/Tadawul, UAE's CMA (formerly SCA)/DFSA/DFM/ADX, Qatar's QFMA/QSE, Kuwait's CMA/Boursa Kuwait, Bahrain's CBB/Bahrain Bourse, or Oman's CMA/MSX — each checked by name via targeted dated search. The Saudi CMA's four open consultations remain unchanged and approaching their deadlines: algorithmic-trading restrictions (24 Oct), mandatory twice-yearly earnings calls (29 Oct), offshore-dealing rules (27 Oct) and IPO book-building/underwriting (22 Oct). No new rulemaking from SAMA, CBUAE, QCB or the Central Bank of Kuwait in the window.

Israel

No 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 had its comment deadline today (13 October 2026); no closure notice, extension or next-step announcement has been published yet — worth checking again next edition. Shibolet summary

Africa

The JSE's proposed Listings Requirements amendments on headline-earnings/HEPS disclosure (tracking SAICA's revised circular ahead of IFRS 18) had their comment deadline today (13 October 2026); no outcome or finalisation notice has been published yet. JSE amendments paper

Kenya's CBK/National Treasury consultation on the draft National Payment System Policy and National Payment System Bill 2026 (interoperability mandate, new PSP capital thresholds, expanded CBK supervisory powers) closed 9 October; still no gazettement, parliamentary tabling or other next-step announcement found — 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.

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