Book traversal links for Article (Four): Powers of SAMA in reference to Qualified Financial Contracts
Article (Four): Powers of SAMA in reference to Qualified Financial Contracts
Effective from Feb 24 2025 - Feb 15 2025
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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.