Regulatory Alerts2019-01-01
Decision No. 33 of 2019 by the Authority's Board of Directors (Updated 2023)
The Authority's Board of Directors issued Decision No. 33 of 2019, updated in 2023, to define the provisions, conditions, and licensing procedures for futures exchanges trading derivatives based on listed financial securities. This regulatory framework has been comprehensively amended through subsequent board decisions, which repeal specific clauses, replace entire articles, and insert new provisions to modernize licensing standards. The consolidated text ensures that all operational and compliance requirements for derivatives trading platforms strictly adhere to the latest regulatory directives.
Decision No. (33) of 2019 dated 19/3/2019 Regarding the provisions, conditions, and procedures for licensing the activity of futures exchanges for trading contracts derived from financial securities listed on one of the securities exchanges Last amended on 22/2/2023 (according to)
1 Decided
(Article One)
1 This decision has been amended by the Authority's Board of Directors decisions No. 127 of 2020 dated 16/8/2020 and Decision No. 18 of 2023 dated 22/2/2023.
3 (Article Two)
2 Clause (c) of Article One has been repealed by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.
3 Clauses 13 and 14 of Article Two have been added by the Authority's Board of Directors Decision No. 127 of 2020 dated 16/8/2020.
4 (Article Three)
4 Article Three has been replaced by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.
(Article Four) (Article Five)
5 (Article Six)
5 The opening of the first paragraph of Article Six, as well as Clause (d) of the same article, have been replaced by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.
6 (Article Seven)
7 (Article Eight) (Article Nine)
6 Article Seven has been replaced by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.
7 The opening of Article Eight, as well as Clause (2) of the same article, have been replaced by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.
8 The second paragraph of Article Nine has been replaced by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.
9 (Article Ten)
(Article Eleven)
9 Article Ten has been replaced by the Authority's Board of Directors Decision No. 18 of 2023 dated 22/2/2023.