Skip to main content
Custom print
Download Original PDF

Article 29: Compliance

Date(g): 17/12/2023 | Date(h): 5/6/1445

Effective from Jan 17 2024 - Dec 16 2023
To view other versions open the versions tab on the right

  1. 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.
  2. 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.
  3. 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.
  4. The company shall obtain a non-objection letter from SAMA before undergoing partial or complete liquidation.