9. Effective Date
| No: 1651/67 | Date(g): 8/9/2019 | Date(h): 9/1/1441 |
Effective from Oct 01 2019 - Sep 30 2019
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These revised Rules shall come into force with effect from the 1st of October 2019. Banks are required to ensure compliance with these Rules while taking any new exposure or renewing existing exposures after the effective date.
Bank are required to submit to SAMA a list of all exposures (if any) that would be in breach of any new limits prescribed in these Rules, and a plan to reduce these exposures until they are fully compliant with the revised Rules.