Rule · SAMA · 12 Jul 2021
Banks and financial institutions operating in the Kingdom must approve all documents and instruments electronically authenticated by Chambers of Commerce. This obligation applies to all such entities within the Kingdom. The directive confirms the acceptance of electronic authentication from Chambers of Commerce for these approvals. No specific thresholds, deadlines, or sanctions are stated in the provided provisions.
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Saudi Central Bank
Reference No.: 42085168
Date: 1442/12/02
Attachments: 1
Circular
To: Respected Banks and Financial Institutions,
Peace be upon you,
Subject: Approval of Documents, Instruments and Certificates Electronically Approved by Chambers of Commerce.
I refer to the electronic services provided by Chambers of Commerce for authenticating documents, instruments and certificates issued by the subscribers' sector via the Chamber's electronic website.
The Saudi Central Bank confirms that banks and financial institutions operating in the Kingdom shall approve all documents and instruments electronically authenticated by Chambers of Commerce. Please note that verification of authentication is conducted through electronic links according to the attached list.
For your information and necessary action.
Yours sincerely,
Yazeed bin Ahmed Al-Sheikh
General Manager of Banking Supervision
Distribution Scope:
P.O. Box 2992, Riyadh 11169, Kingdom of Saudi Arabia | Tel: +966 11 4633000
*
List of Chambers and Electronic Links
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Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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