Prudential Data Forms

No: 361000107381

Date(g): 25/5/2015 | Date(h): 7/8/1436

Status: In-Force

Translated Document

Based on Article Twenty-five of the implementing regulations for finance companies control law, issued by Royal Decree No. M/51 and dated 13/08/1433H, which states that "The Finance Company shall provide SAMA with precautionary data at specific times according to the models, controls and instructions determined by SAMA."

We are attaching electronic copies of the annual and quarterly Prudential Data Forms for finance companies, along with the approved guidelines for preparing the referenced Prudential Data Reports, while adhering to the following:

	First:	The finance company must complete all required prudential data forms for the annual and quarterly reports electronically according to the approved instructions and guidelines. SAMA must receive these data models no later than twenty-five (25) working days from the end of March and June of each year for the annual data. Additionally, the semi-annual data must be provided within (60) sixty days from the end of the financial year in the case of the annual professional data forms.
	Second:	The Prudential Data Forms after completion must be submitted electronically in the required format (Excel) by the specified deadlines, along with a scanned electronic copy of the Statement Certification signed by the Chief Accountant, CFO, and CEO or Managing Director, as applicable. A matching hard copy of the Prudential Data Forms, along with the original signed Statement Certification, should be sent to the General Administration for the Supervision of Financing Companies at the following address: General Administration for the Supervision of Financing Companies SAMA - Main Headquarters P.O. Box 2992, Riyadh 11169, Kingdom of Saudi Arabia
	Third:	The annual prudential data forms must be reviewed by the external auditor of the finance company before being submitted to SAMA. A signed copy of the audit certificate should be attached with the forms.
	Fourth:	"Based on the period specified in 'First' above, the financing company must electronically provide SAMA with the annual prudential data forms for 2014, after they have been reviewed by the company's auditor, along with a copy of the audit certificate. Additionally, the company must submit the quarterly prudential data forms for the first quarter of 2015 by no later than 13 Ramadan 1436 AH, corresponding to 30 June 2015. The financing company must also provide SAMA with the tables of the annual financial data forms for the years 2010, 2011, 2012, and 2013 by no later than 26 Dhul-Qi'dah 1436H, corresponding to 10 September 2015. The required tables for the years 2010, 2011, 2012, and 2013 are as follows:" ~~Cover Page; General Details1.1 Balance Sheet Summary; 1.2 Overall Financing Portfolio~~ {selected table: Gross Financing Volumes by Borrowing Sector, Gross Financing Volumes by Activity and Real Estate Financing by Property Type}; 1.3 Non-Performing Assets; 1.4 Sources of Funds;1.6 Off-Balance Sheet; 1.7 Assets Sale and Repurchase Analysis and 2.1 Income Statement
	Fifth:	Failure to submit the prudential data forms to SAMA within the specified timeframes or submission of inaccurate or inconsistent data will be considered a violation of the finance companies control law and its implementing regulations which may lead to take legal measures against the finance company.
	Sixth:	If there are any questions regarding the prudential data forms, you can contact SAMA via email. Also, the relevant forms and guidelines can be obtained from SAMA's website or by emailing the address provided. The latest version of the forms and guidelines can be obtained through SAMA's website or by requesting them by contacting the General Directorate of Finance Companies Control at the email referred to above.

In accordance with SAMA circular No. 41065187, dated 17/11/1441 H, the prudential returns data models have been updated for the annual and quarterly annual, Finance companies must adhere to the following:

First: The finance company must complete all required data and follow the instructions provided in the prudential data models, ensuring that the validation rules are correctly applied before submission.

Second: Completed prudential data models should be submitted in Excel format via the Supervisory Data System (Returns Management System "RMS"). In case of any technical issues, they should be submitted via email to the designated prudential data.