Regulatory Alerts2019-04-02
Issuance of Debt Instruments through Special Purpose Entities
The Saudi Central Bank directs finance companies to apply to the Capital Market Authority to establish Special Purpose Entities for debt issuance, requiring immediate notification to the Bank. It mandates that finance companies secure the Bank's formal prior no-objection before issuing any debt instruments through these entities. This directive formalizes existing regulatory coordination to standardize and supervise debt securitization structures under the Finance Companies Supervision System.
Share