Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
Effective from Jul 08 2008 - Jul 07 2008 To view other versions open the versions tab on the right
The following words and phrases, wherever mentioned in this Law, shall have the meanings assigned to them, unless the context requires otherwise:
SAMA:
Saudi Arabian Monetary Authority.
Credit Information:
Information and data on consumers with respect to credit transactions, such as: loans, installment purchase, lease, credit sale and credit cards and their commitment to payment.
Member:
Any government or private entity which is party to a credit information exchange contract with at least one credit information company.
Consumer:
Any natural or corporate person engaging in credit transactions.
Companies:
Credit information companies licensed to collect and maintain credit information on consumers and provide the same to members upon request.
Credit Record:
A report issued by companies containing consumer credit information.
Public Records:
Credit information records maintained by government entities, such as records of funds and banks offering government loans, judicial authorities, government committees, bankruptcy and insolvency records and the like.
