Regulatory Alerts2021-09-19
Circular Re. The Guidelines on Repurchase Agreements
The Saudi Central Bank (SAMA) issued circular 43013189 to introduce the Guidelines on Repurchase Agreements, requiring all banks operating in the Kingdom to adopt these standards. The guidelines aim to ensure that repurchase agreements are conducted in accordance with SAMA's regulatory requirements, utilizing standardized legal documents and robust risk management practices. These guidelines became effective immediately upon the date of the circular, which was issued on 12/02/1443 AH.
Share