Based on Article Fourteen of the Finance Companies Control Law, which states: "Without prejudice to the provisions of Article Three of this law, a finance company may, in accordance with what is determined by the regulations and in proportion to its assets and financial position, issue securities and sukuk in accordance with the provisions of the Capital Market Law and its regulations." And Article Sixty-Six of the executive regulations of the Finance Companies Control Law, which states: "Finance companies may issue securities after obtaining a letter from the Central Bank stating that it has no objection." In reference to the ongoing coordination between the Central Bank and the Capital Market Authority regarding the issuance of debt instruments by finance companies through special purpose entities.

The Central Bank would like to inform you that finance companies may submit a request to the Capital Market Authority to establish a "special purpose entity" in accordance with the rules governing special purpose entities issued by the Capital Market Authority, with notification to the Central Bank. The Central Bank also emphasizes the necessity of obtaining prior approval from the Central Bank before issuing any debt instruments through the special purpose entity.