2. General Provisions

No: 44082976

Date(g): 21/5/2023 | Date(h): 2/11/1444

Effective from May 22 2023 - May 21 2023
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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.