Based on Article 31 of the Rules Governing the Practice of Money Exchange Activities, issued by the Minister of Finance's Decision No. 4686, dated 21/11/1441 AH, which states that the center must provide the Central Bank with any data or reports requested at the specified time, and Paragraph (b) of Article 14 of the Rules Governing the Practice of Money Exchange Activities, which grants the Central Bank the authority to issue any necessary instructions to apply supervisory and regulatory requirements on the activities of money exchange centers, and further to Circular No. 42011183, dated 26/02/1442 AH, regarding the update of the employee data collection form for money exchange centers, and Circular No. 42032575, dated 15/05/1442 AH, regarding the update of the financial statement comparison form.

Accordingly, we inform you of the update to the monthly, quarterly, and annual supervisory data templates for money exchange centers. We attach electronic copies along with the approved instructions, with the following requirements:

First: The supervisory data templates must be completed as required and submitted periodically through the Supervisory Data System (RMS) portal (rms.sama.gov.sa/SAMARMSPortal/Default.aspx)*.

Second: The money exchange center must complete all the required data in the monthly, quarterly, and annual supervisory data templates before submitting them electronically and ensure the accuracy of all data according to the “Validation rules,” as follows:

1. Provide the Central Bank with the monthly sales and purchases data template within 5 days of the end of the month.
2. Provide the Central Bank with the quarterly currencies, major customer data, counterfeit currency data, and employee data templates within 15 days of the end of the quarter.
3. Provide the Central Bank with the quarterly financial statement comparison template within 35 days of the end of the quarter.
4. Provide the Central Bank with the annual financial statement comparison template within 65 days of the end of the year.
5. Provide the Central Bank with the annual regulatory data template within 30 days of the end of the year.

Third: This circular will take effect from the third quarter of 2022.

The Central Bank emphasizes the need to comply with the above-mentioned update and submit the supervisory data templates within the specified times and methods. The Central Bank will take all necessary legal actions against money exchange centers that fail to comply with this circular.

*To read the user guide for the Supervisory Data System, click here.