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.
DTFCs must obtain following documents before opening General Account in the name of Special Purpose Entities:
i.
Copy of the license of the Special Purpose Entities issued by the Capital Market Authority.
ii.
Copy of license (if any) or commercial registration of the sponsor issued by the competent authority.
iii.
Status of the establishment.
iv.
Identify and verify the personal identities (natural persons) / licenses or business records (legal persons) of the registered directors.
v.
Confirmation to authorize the persons concerned to manage and operate accounts from the owner(s) of the Special Purpose Entities.
vi.
Identities of persons authorized to manage and operate accounts.
vii.
Identification and verification of personal identities (natural persons) / licenses or commercial records (legal persons) of the owners of the Special Purpose Entities named in the Articles of Association and its amendments.
