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SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
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Effective from May 24 2017 - May 23 2017 To view other versions open the versions tab on the right
The Framework is applicable to all Member Organizations regulated by Saudi Central Bank, which include the following:
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All Banks operating in Saudi Arabia;
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All Insurance and/or Reinsurance Companies operating in Saudi Arabia;
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All Financing Companies operating in Saudi Arabia;
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All Credit Bureaus operating In Saudi Arabia;
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The Financial Market Infrastructure
All domains are applicable for the banking sector. However, for other financial institutions the following exceptions apply:
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Sub-domain (3.1.2) the alignment with cyber security strategy of banking sector is mandatory when applicable.
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Exclude sub-domain (3.2.3). However, if the organization store, process or transmit cardholder data or deal with SWIFT services, then PCI standard and/or SWIFT Customer Security Controls Framework should be implemented.
Exclude sub-domain (3.3.13). However, if the organization provides online services for customers, a Multi Factor Authentication capability should be implemented.
