Section I: Definitions and General Provisions

1. Definitions

1.1	The terms and phrases mentioned herein shall have the same meanings stated in the Rules of Licensing Finance Support Activities.
1.2	The following terms and phrases, wherever used herein, shall have the corresponding meanings unless the context requires otherwise:
	1.2.1	SAMA: The Saudi Central Bank.
	1.2.2	Instructions: The Instructions for Practicing Aggregation Activity.
	1.2.3	Activity: Aggregation activity.
	1.2.4	Financier: Banks, finance companies, and entities licensed to engage in finance activities under the laws applicable in Saudi Arabia.
	1.2.5	Consumer: A person to whom services are offered by the entity.
	1.2.6	Entity: An entity licensed by SAMA to practice aggregation activity.
	1.2.7	Platform: Any electronic means used to carry out the activity, including websites and applications.
	1.2.8	Documented Channels: An approved, recorded and verifiable contact method that can be retrieved electronically, such as text messages and emails.

2.1	These Instructions aim to set the minimum standards and procedures necessary for carrying out the activity.
2.2	These Instructions shall apply to entities licensed by SAMA to engage in the activity.
2.3	The activity shall not be carried out except after obtaining a license from SAMA in accordance with the Rules of Licensing Finance Support Activities and the relevant laws.
2.4	These Instructions shall not prejudice the provisions contained in relevant laws and instructions, including, but not limited to, the following:
	2.4.1	The Finance Companies Control Law issued by Royal Decree No. M/51 dated 13/08/1433H and its Implementing Regulations.
	2.4.2	The Rules of Licensing Finance Support Activities issued by SAMA.
	2.4.3	The Cyber Security Framework issued by SAMA.
	2.4.4	The Business Continuity Management Framework issued by SAMA.
	2.4.5	The Financial Consumer Protection Principles and Rules issued by SAMA.