The Saudi Organization for Chartered and Professional Accountants (SOCPA) announced the release of the draft Regulation of the Non-Securities Financial Consulting Profession on the National Competitiveness Center’s public consultation platform “Istitlaa,” to invite the public and interested parties to share comments and suggestions before final approval.
This initiative follows a Council of Ministers decision that gave SOCPA authority to license and oversee several advisory professions. Non-securities financial advisory tops this list. The move aims to develop the professional environment and improve service quality in this field.
Dr. Ahmed Almeghames, SOCPA's CEO, explained the project's goals. The regulation will set clear rules for practicing the profession and define licensing requirements. It will establish professional and oversight standards to ensure practitioner reliability and quality. The regulation also aims to protect clients who use financial advisory services while promoting transparency and integrity in the market. 
SOCPA invites all interested parties to participate. Individuals, institutions, and experts can review the draft regulation by clicking here. 
The deadline for submitting feedback is August 15, 2025. SOCPA wants to ensure the regulation addresses real challenges and meets stakeholder expectations in the sector.

This effort is part of SOCPA's broader mission to strengthen financial and accounting professions and develop national talent. It aligns with Vision 2030's goal of building a thriving economy based on transparency, efficiency, and knowledge.