Chapter Five: Concluding Provisions
Article Seventeen
SAMA may take all necessary actions to verify the microfinance company’s compliance with these rules, laws, regulations, and relevant instructions, such as requesting the company’s information and documents or on-site supervision, inspection, meeting their employees and viewing their systems, procedures and records, the company must cooperate with SAMA employees and facilitate their work.
Article Eighteen
Non-compliance with these Rules is a violation of the Finance Companies Control Law and its Implementing Regulations and exposes the Microfinance Company to regulatory sanctions.
Article Nineteen
These rules shall enter into force on the date of their publication on SAMA's website.