Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
SAMA shall inform the Applicant in writing that the application reception has been accepted, upon examining and confirming that all supporting documents are correct and complete, provided that the Applicant has submitted all information and documentation necessary to satisfy the requirements stipulated in Article 8 and Article 9 of the Implementing Regulations.
(2)
The Applicant must provide SAMA with any additional information or documents that it requests within thirty calendar days from the date of request unless otherwise indicated by SAMA. SAMA may reject the License application where an Applicant does not provide such documents and information to the satisfaction of SAMA within that period.
(3)
SAMA may take such measures as it deems necessary to assess the extent to which the Applicant meets the requirements for licensing.
(4)
SAMA shall notify Applicant in writing of its decision in relation to a License application within ninety calendar days from the date on which it notifies the Applicant that the License application is complete in accordance with Paragraph (1) of this Article.
(5)
If there is a delay beyond this period of ninety calendar days referred to in Paragraph (4) of this Article, SAMA will notify the Applicant of the adjusted timeline for assessing their application.
