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1.2 Objective of the Rules

No: 43064977 Date(g): 14/3/2022 | Date(h): 11/8/1443 Status: In-Force

Effective from Jan 01 2023 - Dec 31 2022
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The main objective of these Rules is to strengthen the liquidity risk management process in finance companies and enable them to establish robust liquidity risk management framework for identification, measurement, monitoring and controlling liquidity risk exposures under normal and stressed conditions. 
 
Effective liquidity risk management is important to ensure finance company's ability to meet cash flow obligations including contingent obligations (either contractual or non-contractual) and maintaining sound funding and liquidity profiles.