Regulatory Alerts2022-08-23
Added · Updated
Updating Supervisory Data Forms for Exchange Centers and Submitting Them Through the RMS System
The Saudi Central Bank (SAMA) updates the monthly, quarterly, and annual supervisory data forms for exchange centers and mandates their submission via the Returns Management System (RMS). Exchange centers must complete all data fields and pass validation rules before submission, adhering to specific deadlines: five days for monthly sales and purchases, 15 days for quarterly currency and employee data, 35 days for quarterly financial statement comparisons, 65 days for annual financial statement comparisons, and 30 days for annual regulatory data. These requirements apply to all exchange centers operating in the Kingdom and take effect starting from the third quarter of 2022.
Topics
Share