3. Scope
| No: 41038270 | Date(g): 26/1/2020 | Date(h): 1/6/1441 | Status: In-Force |
These requirements are applicable to all banks (domestic and foreign) licensed under the Banking Control Law (Royal Decree No. M/5 dated 22/2/1386 H) that wish to become members of a CCP and have exposures to the CCP.
Foreign banks branches who are clearing members of the CCP will be deemed to be engaged in Critical Economic Functions and as such will be considered Systemically Important under the Foreign Bank Branch regulations issued by SAMA via circular No.4922/67 dated 25/01/1441AH.