2. Definitions
| No: 686310000067 | Date(g): 18/7/2019 | Date(h): 15/11/1440 | Status: In-Force |
Translated Document
The following words and expressions - wherever they appear in these instructions - shall have the meanings indicated in front of each of them, unless the context requires otherwise.
Term | Definition |
The Central Bank | Saudi Central Bank (SAMA)* |
Financial Institution | Banks, foreign bank branches, insurance companies, reinsurance companies, licensed self-employed companies, foreign insurance companies, financing companies, credit information companies, exchange companies and institutions, cash centers, payment companies and payment system operating in KSA, which are supervised by SAMA. |
Advertisement | It is the advertisement, promotion and guidance by all means and methods of the financial institution’s services and products. |
Footnotes | A word or title used in the header or footer of a page to show content of interest, and may appear via the seal of the financial institution (if the financial institution uses seals). |
Correspondences | Postal letters, emails, promotional advertisements, and any other documents. |
Customers | Consumers and beneficiaries of the services and products provided by financial institutions. |
* The Saudi Arabian Monetary Agency was replaced by the name of Saudi Central Bank in accordance with The Saudi Central Bank Law No. (M/36), dated 11/04/1442H, corresponding 26/11/2020G.