The Saudi Exchange Company, the Securities Clearing Centre Company (Muqassa) and the Securities Depository Centre Company (Edaa) Announces the Approval of the Amended Exchange Rules and Procedures

The Saudi Exchange Company and the Securities Clearing Centre Company (Muqassa) announce the issuance of the Capital Market Authority Board resolution dated 11/04/1446H corresponding to 14/10/2024G approving the following:

•    The Amended Derivatives Exchange Trading and Membership Rules (click here).
•    The Amended Securities Clearing Centre Rules (click here).
In addition, the Securities Depository Centre Company (Edaa) announces the issuance of the Capital Market Authority Board resolutions dated 11/04/1446H corresponding to 14/10/2024G and dated 13/04/1446H corresponding to 16/10/2024G approving the following: 
•    The Amended Glossary of Defined Terms Used in the Exchange Rules (click here).
•    The Amended Securities Depository Centre Rules (click here).
In addition, the Saudi Exchange Company announces the issuance of its Board of Directors resolution dated 24/02/1446H corresponding to 28/08/2024G approving the following:
•    The Amended Derivatives Exchange Trading and Membership Procedures (click here).
•    The Amended Trading and Membership Procedures (click here).
In addition, the Securities Clearing Centre Company (Muqassa) announces the issuance of its Board of Directors resolution dated 24/02/1446H corresponding to 28/08/2024G approving the following:
•    The Amended Cash Market Clearing Procedures (click here).
•    The Amended Derivatives Clearing Procedures (click here).
In addition, the Securities Depository Centre Company (Edaa) announces the issuance of its Board of Directors resolution dated 02/03/1446H corresponding to 05/09/2024G approving the following:
•    The Amended Securities Depository Centre Procedures (click here).
It should be noted that the amended Glossary of Defined Terms Used in the Exchange Rules, the amended Derivatives Exchange Trading and Membership Rules, the amended Securities Clearing Centre Rules, the amended Securities Depository Centre Rules, the amended Derivatives Exchange Trading and Membership Procedures, the amended Trading and Membership Procedures, the amended Cash Market Clearing Procedures, the amended Derivatives Clearing Procedures and the amended Securities Depository Centre Procedures noted above shall be effective from its publishing date or according to the effective dates embedded in the same documents.
These amendments come as a part of The Post Trade Project and the Omnibus Accounts in Debt Market Project to increase the efficiency and attractiveness of the financial market for domestic and international participants and investors, while enhancing the post trade infrastructure to provide safe and trustworthy financial framework, and to develop the debt market by regulating and launching the Omnibus Accounts for the purpose of depositing non-convertible debt instruments as well as clarifying the mechanism of the Omnibus Accounts.