Regulatory Alerts2020-01-01
Board of Directors Decision No. (201) for 2020 (Updated 2023 Edition)
The General Authority for Financial Supervision issued Decision No. (201) of 2020, updated in February 2023, to define the ownership structure of the Futures Contracts Exchange Company and its Clearing and Settlement Company. The regulation mandates specific ownership frameworks for entities trading futures contracts on the exchange, explicitly repealing previous provisions to align with current market operations. It requires all relevant financial institutions and exchange participants to comply with these structural ownership requirements effective from the decision's promulgation.
Share