Announcement of the approval of the amended Clearing Procedures, the amended Cash Market Procedures and the amended Derivatives Exchange Trading and Membership Procedures29 Oct, 2023 15:39
The Securities Clearing Centre Company (Muqassa) announces the issuance of the Capital Market Authority Board resolution number (1-69-2023) dated 27/01/1445H corresponding to 14/08/2023G approving to amend the name of “Clearing Procedures” to “Derivatives Clearing Procedures” as well as include paragraph number (1.2) to “Derivatives Clearing Procedures” and paragraph number (1.2) to “Cash Market Clearing Procedures”, it should be noted that the name and two paragraphs amendments shall be effective starting from its publishing date.
And the issuance of its Board of Directors resolution number (11, 12-2023) dated 06/08/1444H corresponding to 26/02/2023G approving the following:
- The amended Derivatives Clearing Procedures (Click here).
- The amended Cash Market Procedures (Click here).
In addition, the Saudi Exchange Company announces the issuance of its Board of Directors resolution number (13-2023) dated 06/08/1444H corresponding to 26/02/2023G approving the following:
- The amended Derivatives Trading and Membership Procedures (Click here).
The amendments to the Procedures aim to regulate the mechanism of trading and clearing Single Stock Options product. The launch of this product will further supports the prosperity of the Saudi Capital Market by creating diversified products, complemented by an effective hedging tools to manage risks.
It should be noted that the amended Procedures shall be effective on 27/11/2023G.