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| No: M/38 | Date(g): 10/12/2020 | Date(h): 25/4/1442 | Status: In-Force |
A financial institution shall be classified as SIFI pursuant to a decision by the competent authority based on criteria set thereby for institutions falling under its supervision, provided such criteria includes the size of the financial institution, interconnectedness and the complexity of its relations with local and foreign financial institutions, its modus operandi, and associated risks.
