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Acceptance of conciliation documents including proof of custody issued by the Conciliation Center

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

Effective from 2023-06-03 - Jun 02 2023
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In reference to the Central Bank's receipt of the Ministry of Justice telegram No. (446842135) dated 18/10/1444 H, which includes a request to instruct banks and financial institutions to accept reconciliation 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 29/11/1440 H.

Therefore, the Central Bank emphasizes that all banks and financial institutions must accept the reconciliation 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.