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.
Effective from Jun 13 2023 - Jun 12 2023 To view other versions open the versions tab on the right
1.
The licensee shall comply with the data protection regulations in the Kingdom, in addition to the regulations, decisions, instructions and circulars issued by SAMA.
2.
The licensee shall provide protection for the client and consumer data and maintain its confidentiality, including data kept by any third party or agent affiliated with the licensee. Furthermore, he shall grant access to such data only to employees authorized by him and for the purpose of complying with regulatory requirements in the Kingdom, such as reporting suspected money laundering, fraud and other financial crimes.
3.
Without prejudice to the relevant regulations, the licensee may not disclose client data except in the following cases:
A.
Adhere to the requirements of SAMA or the orders of the competent authorities to SAMA inside or outside the Kingdom.
B.
Obtain specific written consent from the client prior to disclosure for purposes requiring so.
4.
The licensee shall develop appropriate policies, procedures and controls aimed at protecting client data from any risks regarding data and information security, in addition to providing train to its employees to make them aware thereof.
5.
The licensee shall develop data protection controls in accordance with the decisions issued by SAMA and the competent authorities in the Kingdom in this regard.
