Relevant Laws and Instructions
Effective from May 17 2018 - May 16 2018
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SAMA has issued these principles based on the powers vested therein under the relevant laws, regulations, |
The principles herein should be read in conjunction with the following: |
a. | Banking Control Law, issued by Royal Decree No. M/5 dated 22/02/1386H; |
b. | Finance Companies Control Law, issued by Royal Decree No. M/51 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor’s Decision No. 2/MFC dated 14/04/1434H; |
c. | Real Estate Finance Law, issued by Royal Decree No. M/50 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Minister of Finance’s Decision No. 1229 dated 10/04/1434H; |
d. | Finance Lease Law, issued by Royal Decree No. M/48 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor’s Decision No. 1/MFC dated 14/04/1434H; |
e. | The Updated Regulations for Consumer Financing, issued by Circular No. 351000116619 dated 10/09/1435H; |
f. | Regulations for Issuance and Operations of Credit and Charge Cards issued under Circular No. 361000090389 dated 26/06/1436H; |
g. | Regulations and Procedures for the Process of Payment Collection for Retail Clients, issued by SAMA Circular No. 391000083340 dated 26/07/1439H (12/04/2018); |
h. | Banking Consumer Protection Principles, issued under Circular No. 341000095960 dated 03/08/1434H; and |
i. | Finance Consumer Protection Principles, issued under Circular No. 361000110320 dated 14/08/1436H. |
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