Effective from Mar 01 2024 - Feb 29 2024 To view other versions open the versions tab on the right
This Regulation sets out SAMA’s requirements with regard to banks’ offering of new products and services and regulatory requirements of notifying SAMA prior offering a new product or service, and the required supporting documents to be submitted. In addition, the regulation aim to improve the time-to-market for banks to introduce new product and service, and promoting sound risk management practices in managing and controlling risks associated with banking products and services.
