Regulatory Alerts2013-11-18
Added · Updated
General Authority for Financial Supervision Board Decision No. (47) of 2013 Regarding the Amendment of Financial Solvency Standards for Brokerage Companies
The General Authority for Financial Supervision issued Board Decision No. 47 of 2013 to amend the financial solvency weighting factors applied to brokerage companies' contributions to the Settlement Guarantee Fund. The revised framework assigns an 80% weighting to Category A firms, 60% to Category B, and 0% to Categories C and D across both long-term asset accounting and net liquid capital model tables. The Central Depository and Registry of Securities Company is required to monthly notify members of their risk-based classification and weighted contribution ratios, and is authorized to enforce compliance measures under Decision No. 27 of 2005 if firms partially or fully withdraw their fund contributions.
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