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Acceptance of Conciliation Documents Including Proof of Custody Issued by the Reconciliation Center

No: 44086644 Date(g): 3/6/2023 | Date(h): 15/11/1444 Status: In-Force

Translated Document

In reference to SAMA's receipt of the Ministry of Justice telegram No. (446842135) dated 18/10/1444H, which includes a request to instruct banks to accept conciliation documents issued by the Reconciliation Center that confirm custody, based on the working rules and procedures in reconciliation offices issued by the Minister of Justice's decision No. (5595) dated 29/11/1440H.

Therefore, SAMA emphasizes that all banks must accept the conciliation documents issued by the Reconciliation Center that confirm custody, applicable for banking transactions that the custodian can conclude on behalf of the ward. The documents can be verified electronically through the Taradhi Platform Portal.