Book traversal links for Article 29: Compliance
Article 29: Compliance
Effective from Jan 31 2025 - Jan 16 2024
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- The BNPL company shall establish internal controls and procedures to ensure compliance with the provisions of the Law and these Rules and relevant laws, regulations and rules.
- The company shall retain sufficient records to confirm compliance with the provisions of the Law and these Rules and relevant laws, regulations and instructions and shall take the necessary procedures to prevent any violation of their provisions.
- The company shall not disclose any information to third parties, unless it obtains non-objection and such disclosure does not violate the provisions of relevant laws.
- The company shall obtain a non-objection letter from SAMA before undergoing partial or complete liquidation.