CMA LAW: Resolution No. (08) of 2022 Regarding Capital Adequacy Regulations for Licensed Persons

Having Perused:

- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and

- CMA Board of Commissioners Resolution passed in its meeting No. (2) of 2022 held on 19/01/2022.

The Following Was Resolved

Article (1)

Module Seventeen (Capital Adequacy Regulations for Licensed Persons) of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (1) attached to this Resolution.

Article (2)

Appendix 6 “Regulations’ Templates” of Module Seventeen (Capital Adequacy Regulations for Licensed Persons) of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (2) attached to this Resolution, as follows:

- Adding Table No. (2-A) on Specific Interest Rate Risk within Market Risk.

- Adding Table No. (2-B) on the General Interest Rate Risk within Market Risk.

- Adding Table No. (2-C) on the Equity Risk within Market Risk.

- Adding Table No. (2-D) on the Foreign Exchange Risk within Market Risk.

- Adding Table No. (2-E) on the Commodities Risk within Market Risk.

- Adding Table No. (2-F) on the Option Risk within Market Risk.

- Amending Table No. (4) on the Investment Risk.

Article (3)

The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.

Prof. Ahmad Almelhem

Issued on: 23/01/2022

The Translated Document

Copy of the Official Document

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