Requirement to Obtain SAMA's NOC Before Providing Information, Data, and Statistics to Government and Non-Government Entities

In the Name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank (SAMA)
Headquarters

Banking Policies Department
Ref. No.: ....................................
Attachments: ....................................

Circular

Ref. No.: 15041 / 67
Date: 1440/03/07
Attachments: None

To: ....................................................................................

Peace, mercy, and blessings of Allah be upon you,

Subject: Requirement to Obtain SAMA's NOC Before Providing Information, Data, and Statistics to Government and Non-Government Entities.

Reference is made to the Credit Information System issued by Royal Decree No. (M/37) dated 5/7/1429H and its Executive Regulations, and to the importance and sensitivity of the information and data obtained by credit reporting companies under their authorized mandates.

The Bank emphasizes the necessity of obtaining its No Objection Certificate (NOC) prior to providing any data or statistics, regardless of their nature, to government or non-government entities, except as stipulated in agreements signed with members pursuant to the Credit Information System and its Executive Regulations.

For your information and necessary action.

Yours sincerely,

Fahd bin Ibrahim Al-Shathry
Deputy Governor for Supervision

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Distribution Scope:

• Credit reporting companies.

P.O. Box 2992, Riyadh 11169, Telegram Address: MARKAZI, Telex: 404400, Tel: 4633000, Fax: 4662414