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12. Responsibilities of Banks

Effective from Apr 15 2014 - Apr 14 2014
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 i.A Bank shall pay the annual premium and any premium surcharge within such time and in such manner as specified by SAMA;
 ii.A Bank shall be liable to fully indemnify the DPF for any payments made to its Deposit holders, until its liquidation;
 iii.A Bank shall comply with and observe all relevant rules, regulations, directives/instructions, etc. issued by SAMA;
 iv.A Bank shall forthwith inform SAMA about any significant deterioration in its capital adequacy or liquidity position or any other major development which has a significant bearing on its safety and soundness.