Regulatory Alerts2025-12-22
Circular on the Amendment of the Licensing Rules for Finance Support Activities
The Saudi Central Bank (SAMA) has issued a circular approving amendments to the Licensing Rules for Finance Support Activities, establishing comprehensive requirements for digital brokerage and debt collection entities. The updated framework mandates minimum capital thresholds, strict management competency standards, robust information security and compliance protocols, and a structured supervision regime to ensure financial system stability. Furthermore, it outlines clear procedures for license issuance, renewal, amendment, and cancellation while empowering SAMA to enforce compliance through inspections, third-party audits, and targeted regulatory instructions.
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