Regulatory Alerts2019-07-18
License Disclosure Instructions
The Saudi Arabian Monetary Authority (SAMA) issued the License Disclosure Instructions to mandate all licensed financial institutions operating in the Kingdom to prominently display their licensing details and regulatory status in all customer-facing communications. The directive requires institutions to include specific data points—such as entity name, license number, commercial registration, and national address—in correspondence, marketing materials, websites, and social media, while exempting commercial paper transactions. Compliance must be achieved within three months, with a formal compliance plan submitted to SAMA within one month of the circular's issuance.
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