Chapter One: Introduction and Definitions
First/Introduction
These regulations aim to enhance the electronic services provided to banking sector customers, improving their quality and effectiveness according to best practices. They are designed to facilitate financial transactions by saving time and effort in obtaining banking documents and certificates, and to ensure the reliability of electronically issued documents.
Second/Definitions
The following terms -wherever they appear in these regulations- shall have the meanings specified next to each, unless the context requires otherwise:
Central Bank: Saudi Central Bank (SAMA)
Regulations: Regulations for the issuance and electronic verification of banking documents.
Bank: Banks licensed to conduct banking activities in accordance with the provisions of the Banking Control Law.
Banking Documents: Documents or certificates issued by banks at the customer's request for various purposes.