Article 65 of the Saudi Capital Market Law

المادة 65 من نظام السوق المالية

The article provides that the Capital Market Law repeals every provision that conflicts with it.

Official text (Arabic)

This article has not been amended since the law was issued.

يلغي هذا النظام كل ما يتعارض معه من أحكام.

This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers

Article 65 explained in plain English

This article contains a short rule: the Capital Market Law repeals every provision that conflicts with it.

In practice this means that if an earlier provision exists that contradicts what this law says on the matters it regulates, the provision of this law is the one that applies, and the conflicting provision is considered repealed to the extent of the conflict.

Note that the article:

does not name particular laws or decisions, so it does not specify by name what is repealed;
repeals only what conflicts with the law; provisions that do not conflict with it are not affected.

Deciding whether a particular provision conflicts with the law requires comparing the two texts in each case, and the article provides no detailed criterion for this. Anyone facing two provisions that seem to conflict on a matter relating to securities would be well advised to consult a lawyer specializing in securities and capital markets.

This article is linked to Article 66, which provides that the implementing regulations are to be issued within 150 days of the date the law is published, and that they take effect when the law takes effect.

Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.

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