| Release Date: | 1441-03-21 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 2019-127-3 |
| Validity: | Valid |
| Summary: | By AI The Regulation of Securities Clearing Centers issued by the Capital Market Authority in Saudi Arabia includes regulatory provisions related to the licensing of clearing centers, governance requirements, risk management, and investment guarantees. The regulation applies to all licensed clearing centers and specifies the licensing conditions, including the existence of sufficient liquid assets and appropriate management expertise. It also addresses the conditions for amending the license and the p... |