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  • Chapter I: Netting

    • Article (Four): Powers of SAMA in reference to Qualified Financial Contracts

      SAMA may amend or designate as "Qualified Financial Contracts" any agreement, contract or transaction, in addition to those listed in annex (1), determined between SAMA and the Capital Market Authority, and agreed with the Ministry of Commerce, pursuant to the provisions of article (Two Hundred Fourteen) of the Bankruptcy Law and article (Seventy-Nine) of the implementing regulation of the Bankruptcy Law.

    • Article (Five): Enforceability of a Qualified Financial Contract

      A Qualified Financial Contract shall be enforceable and valid in accordance with its terms against any of the Parties thereto and the enforceability and validity of a Qualified Financial Contract shall not be affected by any subsequent change to any of the circumstances in which the Qualified Financial Contract was concluded.