Relevant Laws and Instructions
| No: 46538/99 | Date(g): 17/5/2018 | Date(h): 3/9/1439 | Status: In-Force |
SAMA has issued these principles based on the powers vested therein under the relevant laws, regulations, and instructions.
|
The principles herein should be read in conjunction with the following:
|
| a. | Banking Control Law, issued by Royal Decree No. M/5 dated 22/02/1386H;
|
| b. | Finance Companies Control Law, issued by Royal Decree No. M/51 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor’s Decision No. 2/MFC dated 14/04/1434H;
|
| c. | Real Estate Finance Law, issued by Royal Decree No. M/50 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Minister of Finance’s Decision No. 1229 dated 10/04/1434H;
|
| d. | Finance Lease Law, issued by Royal Decree No. M/48 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor’s Decision No. 1/MFC dated 14/04/1434H;
|
| e. | The Updated Regulations for Consumer Financing, issued by Circular No. 351000116619 dated 10/09/1435H;
|
| f. | Regulations for Issuance and Operations of Credit and Charge Cards issued under Circular No. 361000090389 dated 26/06/1436H;
|
| g. | Regulations and Procedures for the Process of Payment Collection for Retail Clients, issued by SAMA Circular No. 391000083340 dated 26/07/1439H (12/04/2018)*;
|
| h. | Banking Consumer Protection Principles, issued under Circular No. 341000095960 dated 03/08/1434H; and
|
| i. | Finance Consumer Protection Principles, issued under Circular No. 361000110320 dated 14/08/1436H.
|
*These regulations have been replaced by the updated Debt Collection Regulations and Procedures for Individual Customers in accordance with circular No. (106889333), dated 06/09/1446H, corresponding to 05/03/2025G.
1955
