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.
Guidance Manual for the Returns Management System
Date: 30/05/2022 CE
| Table of Contents | جدول المحتويات | | :--- | | Definitions | التعريفات | | Steps to access the Return Management System | خطوات العمل على نظام البيانات الإشرافية |
Return Management System (RMS)
A digital platform enabling companies under SAMA supervision to submit supervisory forms according to the defined template. It also allows company supervisors to review, accept, or return forms to the company.
The system features two interfaces:
- Supervisory Interface: Accessed exclusively by SAMA staff.
- Company Interface: Allows companies to upload their own prudential data.
Portal Access Link: https://rms.sama.gov.sa/SAMARMSPortal/Default.aspx
Steps to access the Return Management System
-
After SAMA registers user data, the system will automatically send an email containing registration details and the system link, as shown below:
-
After allocating an account by Saudi Central Bank (SAMA) on the RMS Portal website, the system automatically sends an email to access your account as shown below:
[Image of login interface]
After logging in, the home page will appear.
Steps to submit the Prudential Return into Return Management System
For each financial period (Quarterly – Annually), the RMS sends a notification to portal users via email when creating the 'Prudential Returns' for completion, as shown below:
[Image of system notification]
Navigate to the prudential returns via: Home page > Main Menu > Returns >
Click to navigate to the selected data and complete the required fields.
[Image of forms management interface]
- Select "Upload Data" then "Browser" as shown below:
[Image of data upload interface]
After clicking on "Upload data", move through the pop-up window and choose the file to be uploaded.
[Image of file selection window]
Ensure that the form is filled out according to the template previously shared by SAMA.
[Image of file upload confirmation]
After choosing the file, click on "Done" and then click on "Validate & Submit", as shown below.
[Image of validate & submit interface]
In case of an error in filling out the form, a message will appear showing the items containing errors, as shown below.
[Image of error message]
[Table of error details]
Steps to resubmit the Prudential Return into Return Management System (In case of any observations)
From the main menu, navigate as shown below: Home page > Main Menu > Returns > View Submissions
[Image of forms management interface]
[Image of resubmission request interface]
[Attached forms pages] (Includes the following forms: Monthly Sales and Purchases Data Form, Quarterly Currencies Form with Top Customers, Counterfeit Currency, and Employee Data, Financial Statement Comparison Form, Annual Regulatory Data Form)