| Release Date: | 1440-04-24 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 73/ m sh t |
| Summary: | By AI The Saudi Arabian Monetary Authority has issued rules for the delegation of tasks to financing companies, based on the Financing Companies Control Law. The rules include the organization of companies' operations and oversight, and specify the requirements for delegating tasks to external service providers, with definitions for essential and non-essential tasks. Companies are required to prepare a written policy approved by the Board of Directors, and internal controls to ensure compliance. Compa... |