Rule · SAMA · 4 Dec 2022

Controls for the Distribution of Public Investment Funds

Contracting with licensed persons from the Authority is solely for distributing public investment funds. Distribution must occur exclusively through electronic channels. Banks are not parties to the relationship between clients and licensed persons. Banks must clarify to clients that the funds are investment products of the licensed person, not banking products. These controls apply to banks and exchange houses in the Kingdom, as referenced in Central Bank Circular No. 2097/17.

Saudi ArabiaSaudi Central Bank
Annotations and obligations
3 obligations · 89 definitions
  • Obligation 3
  • Definition / condition 89
  • background, boilerplate

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