Book traversal links for Article 32: Compliance
Article 32: Compliance
Effective from Jan 01 2024 - Dec 31 2023
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1- | The Debt-Based Crowdfunding Company shall establish internal controls and procedures to ensure compliance with these Rules and all relevant laws, regulations, and instructions. |
2- | The Debt-Based Crowdfunding Company shall keep sufficient records to confirm the compliance with these Rules and relevant laws, regulations, and instructions and shall take the necessary measures to prevent any violation of their provisions. |
3- | The Debt-Based Crowdfunding Company shall not disclose any information to third parties without the approval of SAMA. |
4- | The Debt-Based Crowdfunding Company shall obtain SAMA’s non-objection before any partial or complete liquidation. |
5- | Non-compliance with these Rules shall be deemed a violation of the Finance Companies Control Law. |