Regulatory Alerts2018-11-15
Requirement to Obtain SAMA's NOC Before Providing Information, Data, and Statistics to Government and Non-Government Entities
The Saudi Central Bank (SAMA) mandates that credit reporting companies must obtain its No Objection Certificate (NOC) before sharing any data or statistics with government or non-government entities. This requirement covers all information disclosures unless explicitly exempted by existing agreements signed with members under the Credit Information System and its Executive Regulations. The directive reinforces regulatory oversight over the sensitive handling and external dissemination of credit data.
Share