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Article 13

No: M/38 Date(g): 10/12/2020 | Date(h): 25/4/1442 Status: In-Force
1.The competent authority may take one or more of the following procedures on any SIFI and its holding company or a subsidiary financial institution upon the existence of all conditions referred to in Article 10 of this Law:
 
 a)Sale of the SIFI.
 
 b)Establishment of a transitional entity.
 
 c)Separation of SIFI assets.
 
 d)Amendment of rights of the SIFI.
 
2.The competent authority may take resolution measures on the holding company or a subsidiary financial institution which does not qualify for resolution in cases where this is necessary to complete the resolution of the SIFI.