Effective from Jul 01 2021 - Jun 30 2021 To view other versions open the versions tab on the right
These Rules shall come into force with effect from 1 July 2021. On implementation of these Rules from the above effective date, the Provisioning Guidelines previously issued via Circular No. 381000046342 dated 27/04/1438H shall cease to apply.
Finance companies must adjust internal credit risk classification, exposure loss provisioning, and regulatory reporting systems to satisfy the requirements specified in these Rules.
