Law of Systemically Important Financial Institutions

Release Date:	1442-04-25
Release Tool:	Royal Decree
Issuance Instrument Number:	m/38
Validity:	Valid
Summary:	By AI A royal decree was issued by King Salman bin Abdulaziz Al Saud approving the Law on the Treatment of Systemically Important Financial Institutions, which aims to regulate the treatment of these institutions and define the necessary executive frameworks. The law includes essential definitions such as "systemically important financial institution" and "competent authority," and it entrusts its implementation to the Deputy Prime Minister and the relevant ministers. The law requires financial instit...

Release Date:

1442-04-25

Release Tool:

Royal Decree

Issuance Instrument Number:

m/38

Validity:

Valid

Summary:

By AI

A royal decree was issued by King Salman bin Abdulaziz Al Saud approving the Law on the Treatment of Systemically Important Financial Institutions, which aims to regulate the treatment of these institutions and define the necessary executive frameworks. The law includes essential definitions such as "systemically important financial institution" and "competent authority," and it entrusts its implementation to the Deputy Prime Minister and the relevant ministers. The law requires financial instit...