RegAlert

Rule · SAMA · 12 Jun 2019

Rules Governing Disposal of Finance Assets or Their Contractual Rights

credit

SAMA has issued an updated version of the Rules Governing Disposal of Finance Assets or Their Contractual Rights to standardize sector-wide asset liquidation and rights management procedures. The circular mandates all regulated financial institutions to immediately review and comply with the revised provisions effective upon its publication date. Issued under the Banking Control Law and Finance Companies Control Law, the framework replaces prior guidelines to ensure consistent regulatory oversight of finance asset disposals.

Saudi ArabiaSaudi Central Bank

Based on the powers vested in SAMA under the relevant laws, regulations and instructions, and the powers vested in SAMA under the Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386 H , and the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/08/1433H , and
Article Sixty-Seven of the Implementing Regulations of the Finance Companies Control Law
, and
SAMA Circular No. (361000145658) dated 18/11/1436 H containing Rules Governing Disposal of Finance Assets or Their Contractual Rights. Please find attached the updated version of the "Rules Governing Disposal of Finance Assets and their Contractual Rights". To take note and abide by it as of its date.

11074

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Annotations and obligations
1 obligation
  • Obligation 1
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Finance Companies Control Law2012 · SAMAFinance Companies Control Law (2012-07-03)Rules Governing Disposal ofFinance Assets or Their Contr…2019-06-12 · this documentRules Governing Disposal of Finance Assets or Their Contractual Rights (2019-06-12)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Issued under

Similar documents from other regulators

More like this from SAMA

We email you every new SAMA publication the day it's published.

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

In RegAlert: added · updated