Annexure (1): Checklist
| No: 45032226 | Date(g): 30/11/2023 | Date(h): 16/5/1445 | Status: In-Force |
Effective from Mar 01 2024 - Feb 29 2024
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| No. | Document | Attached | ||
| Yes | No | Not Applicable | ||
| 1 | A formal letter signed by the Chief Compliance Officer notifying or requesting SAMA's no-objection to offer new product or service | ☐ | ☐ | |
| 2 | Application form for new banking products and services (Annexure 2) | ☐ | ☐ | |
| 3 | Statement of compliance (Annexure 3) | ☐ | ☐ | |
| 4 | Consumer protection checklist (for retail products and services) signed by the Product or Service Developer and Chief Compliance Officer (Annexure 4) | ☐ | ☐ | ☐ |
| 5 | Copies of supporting documents e.g. terms and conditions, contracts, process workflow (Images), promotional material and any other related documents | ☐ | ☐ | ☐ |
| 6 | Contract draft / service level agreement (SLA) / non-disclosure agreement (NDA) if there is a third party in the product and service | ☐ | ☐ | ☐ |
| 7 | Risk assessment report which describe the product or service all inherent risks from both the bank's and customer's perspective together with the systems and processes that are in place to mitigate these risks. The following risks need to be considered at minimum:
| ☐ | ☐ | ☐ |
| 8 | Necessary Shari’ah Committee Approvals for new Shari’ah Compliant Products or Services. | ☐ | ☐ | ☐ |
| I, the undersigned, acknowledge that all the above-mentioned data and information and attached documents are correct, accurate and complete | |
| Chief Compliance Officer | |
| Date | Day/Month/Year |
| Signature | |