Establishment of a Center for the Registration and Disclosure of Over-the-Counter Derivative Transactions

In the Name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank
Headquarters

General Directorate of Bank Supervision
Banking Licensing Division

Ref. No.:
Date: 1440/11/25
Attachments: 16 pages

Ref. No.: 70468 / 67
Attachments: - 16 -

Subject: Establishment of a Center for the Registration and Disclosure of Over-the-Counter Derivative Transactions.

His Excellency the Chief Executive Officer
Saudi Credit Bureau (SIMAH)
Respected

Peace, mercy, and blessings of Allah be upon you,

Based on the authorities delegated to the Saudi Central Bank and pursuant to the Saudi Central Bank System issued by Royal Decree No. (23) dated 1377/05/23 AH, the Bank Supervision System issued by Royal Decree No. (M/5) dated 1386/02/22 AH, and the Credit Information System issued by Royal Decree No. (M/37) dated 1429/07/05 AH.

We hereby inform you of the approval granted to SIMAH to establish a Center for the Registration and Disclosure of Over-the-Counter Derivative Transactions, subject to compliance with the attached instructions and regulations (Trade Repository Operator Rules and Regulations).

Yours sincerely,

Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

Meshal
P.O. Box 2992, Riyadh 11169, Central Telegraph, Telex 404400, Tel: 4633000, Fax: 4662119