Prudential and Supervisory Requirements
Effective from Feb 24 2020 - Feb 23 2020
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| 1. | Digital-only Banks will be subject to the same set of prudential requirements as with other banks. |
| 2. | In addition, due to the nature of business operations, all (or most) of the data are expected to be in an electronic format. The design of technology solutions in a Digital-only Bank should allow for easy and quick access to complete and accurate information needed for SAMA to perform its supervisory duties. |