Rules for the Application of the Provisions of the Banking Control Law

Release Date:	1406-10-14
Release Tool:	Ministerial decision
Issuance Instrument Number:	2149/3
Validity:	Valid
Date of last amendment:	1442-04-14
Summary:	By AI Circular issued by the Director General of Bank Supervision includes the rules for implementing the Bank Supervision System in accordance with Ministerial Decision No. 1406/10/14H. The decision regulates the appointments of boards of directors and leadership positions, organizes banking activities, specifies the required periodic data, and outlines the inspection processes for banks, clarifying the penalties imposed in case of non-compliance. The circular emphasizes the importance of adhering to...

Release Date:

1406-10-14

Release Tool:

Ministerial decision

Issuance Instrument Number:

2149/3

Validity:

Valid

Date of last amendment:

1442-04-14

Summary:

By AI

Circular issued by the Director General of Bank Supervision includes the rules for implementing the Bank Supervision System in accordance with Ministerial Decision No. 1406/10/14H. The decision regulates the appointments of boards of directors and leadership positions, organizes banking activities, specifies the required periodic data, and outlines the inspection processes for banks, clarifying the penalties imposed in case of non-compliance. The circular emphasizes the importance of adhering to...