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.
A Licensee must comply with the applicable laws in relation to data protection in the Kingdom, as well as with any other regulations, resolutions, instructions and circulars issued by SAMA.
(2)
A Licensee must protect Client Data and maintain their confidentiality, including when it is held by a third party or an Agent of the Licensee. The personal information of Clients may be accessed and used by personnel authorized by the Licensee only to comply with regulatory requirement applicable in the Kingdom, including in relation to suspicion of money laundering reporting, fraud and financial crime reporting.
(3)
Subject to applicable laws, a Licensee must not disclose Client Data except where the following:
(a)
In compliance with SAMA requirements or under the request of other competent authorities from SAMA inside and outside the Kingdom.
(b)
The disclosure is made with the prior specified written consent of the Client.
(4)
A Licensee must put in place and maintain adequate policies, procedures and controls, as well as employee awareness training, to protect Client data from any information security risks.
(5)
A Licensee must put in place data protection controls in accordance with what is issued by SAMA and other competent authorities in the Kingdom in this regard.
