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3. Scope and Proportionality

No: 42012157 Date(g): 17/10/2020 | Date(h): 1/3/1442

Effective from Aug 31 2021 - Aug 30 2021
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i.These guidelines shall be applicable to all locally incorporated banks licensed and operating in the Kingdom of Saudi Arabia.
 
ii.The ILAAP is, above all, an internal process, and it remains the responsibility of individual banks to implement it in a proportionate and credible manner. The bank’s ILAAPs has to be proportionate to the nature, scale and complexity of the activities of the bank.