Regulatory Alerts2022-02-09
Circular Re. Initial Public Offering (IPO) Rules for Receiving and Lending Banks
The Saudi Central Bank issued its first version of rules in February 2022 to regulate the operations of receiving and financing banks participating in Initial Public Offerings (IPOs). The regulations mandate strict governance, risk management, and operational capacity standards, including specific leverage limits for individual subscribers and cybersecurity protocols. Additionally, banks are required to implement effective liquidity management, surplus refund procedures, and timely reporting mechanisms to the regulator.
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