Book traversal links for مشروع الربط الإلكتروني بين البنوك ووزارة التجارة والصناعة كأحد إجراءات تأسيس الشركات المساهمة
Electronic Linkage Project Between Banks and the Ministry of Commerce and Industry for Joint Stock Company Formation
No: 361000082486 | Date(g): 30/3/2015 | Date(h): 10/6/1436 |
Translated Document
In reference to SAMA Circular No. 351000052529 dated 24/4/1435 H regarding the project of Banks Electronic Link with Ministry of Commerce & Investment as one of the procedures for establishing joint stock companies in its pilot phase, I hope to adhere to the following controls:
1. | The electronic linkage project is limited to two services: | ||
A– | Documenting capital deposit certificates. | ||
B– | Documenting commercial register information. | ||
2. | Applying all regulations, laws and instructions issued by SAMA to the project. | ||
3. | Compliance with the general principles of confidentiality of information and the relevant instructions of SAMA. | ||
4. | The mandatory implementation of the project begins at the beginning of July 2015, with the necessity for the bank to circulate to all its branches to begin the implementation process. | ||
5. | Banks shall provide SAMA with evaluation reports for the project as a whole, including observations on the negatives to be avoided and proposals on ways to raise the level of quality of the system within a maximum of three months from the date of the circular. |
If you have any inquiries, you can contact SAMA or representatives of the Ministry of Commerce and Industry