Compliance of Financial Institutions with the Circulars Issued by the Saudi Central Bank
No: 42027412 | Date(g): 13/12/2020 | Date(h): 28/4/1442 | Status: In-Force |
Effective from 2020-12-13 - Dec 12 2020
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Based on the supervisory and regulatory role of the Saudi Central Bank (SAMA) over the financial institutions under its oversight, and in its effort to promote transparency and educate those dealing with financial institutions, the public, and those interested in the regulatory and supervisory instructions issued by the Central Bank.
We would like to inform you about the launch of the "SAMA Circulars Portal," where the central bank aims to provide the circulars issued by the central bank to the public, interested parties, and specialists to achieve a high level of transparency and enhance financial awareness.
The central bank also asserts that this portal does not absolve any financial institution from the obligation to comply with the central bank's instructions that are sent to financial institutions through official written correspondence or the official email of the administrative units of the central bank.