Implementing Regulations of Credit Information Law

Release Date:	1432-09-22
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	اق/13709
Validity:	Valid
Date of last amendment:	1442-04-11
Summary:	By AI The Governor of the Saudi Arabian Monetary Authority has decided to issue the Implementing Regulation for the Credit Information System, which includes basic definitions, licensing requirements, scope of services, governance, and obligations related to the confidentiality of information. The provision of credit information activities without a license is prohibited, and licensed companies must be joint-stock companies with a capital of no less than fifty million Saudi Riyals. The regulation requ...

Release Date:

1432-09-22

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

اق/13709

Validity:

Valid

Date of last amendment:

1442-04-11

Summary:

By AI

The Governor of the Saudi Arabian Monetary Authority has decided to issue the Implementing Regulation for the Credit Information System, which includes basic definitions, licensing requirements, scope of services, governance, and obligations related to the confidentiality of information. The provision of credit information activities without a license is prohibited, and licensed companies must be joint-stock companies with a capital of no less than fifty million Saudi Riyals. The regulation requ...