Based on Article Thirty-One of the regulations governing the practice of money exchange issued by Ministerial Decision No. 4686 dated 21/11/1441 H, which states that the center must provide the Central Bank with any data or reports requested within the specified time, and paragraph (B) of Article Fourteen of the same regulations, which grants the Central Bank the authority to issue any instructions deemed necessary for implementing supervisory and regulatory requirements on exchange center operations:

We inform you of the update to the financial statement comparison model. The model must be provided to the Central Bank periodically via email at (MEXCH@SAMA.GOV.SA) starting from the fourth quarter of 2020, as follows:
 

1. 1. Provide the Central Bank with the quarterly financial statement comparison model within 35 days of the end of the quarter.
2. Provide the Central Bank with the annual financial statement comparison model within 65 days of the end of the year.

The model will be sent to you via email. The Central Bank emphasizes the need to adhere to the above update, and any non-compliance will result in the Central Bank taking all necessary regulatory actions against the non-compliant exchange centers.

* The model has been updated according to Circular No. (44006369) dated 25/01/1444 H, corresponding to 22/08/2022.

** Please review Circular No. (44006369) dated 25/01/1444 H, corresponding to 22/08/2022, regarding the update of supervisory data models for exchange centers and their submission through the (RMS) system.