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.
The Licensee shall receive a non-objection letter from SAMA prior to engaging or participating in establishing any entities or any additional commercial or investment activities or commencing the practice of any of these activities.
(2)
SAMA may make it a condition of a License to require the Licensee or Applicant to create a separate legal entity for such business that is beyond the scope of the Law and the Implementing Regulation if such business could:
(a)
Impact the Licensee’s financial soundness;
(b)
Impact the ability of SAMA to supervise the Licensee;
(c)
Impact the Licensee’s ability to comply with the laws, regulations and decisions applicable to it; or
(d)
Impact the Licensee in any other way as deemed by SAMA.