Regulatory Alerts2024-11-25
SAMA Trade Repository Operator Rules and Regulations
The Saudi Arabian Monetary Authority (SAMA) establishes binding operational and governance requirements for authorized derivative trade repository operators to safeguard financial market stability. These rules mandate strict adherence to CPSS and IOSCO standards, requiring robust cyber security protocols, business continuity planning, and objective, non-discriminatory participant access conditions. Operators must securely accept and retain derivative trade data for ten years, grant SAMA direct electronic access to all records, and publish weekly anonymized statistical reports on publicly accessible websites.
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