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SAMA seeks public feedback on financial governance amendments

Suggestions and observations on the draft bill must be sent within 15 days from the date of the announcement.
By Hilal Mir
December 27, 2023 4:01 pm
  • The amended key principles aim to keep alignment with the latest regulatory changes and updates in the new Companies Law and its Implementing Regulations.
  • Suggestions and observations on the draft will be received within (15) days of this announcement for assessing their relevance in finalizing the draft, SAMA added.

Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has invited interested parties and specialists concerned with “Key Principles of Governance in Financial Institutions” to send their feedback via the Public Consultation Platform at the National Competitiveness Center.

The amended key principles aim to keep alignment with the latest regulatory changes and updates in the new Companies Law and its Implementing Regulations that impact the key principles, taking into consideration the nature of the financial sector in the Kingdom and international standards and practices, the bank said in a statement.

Suggestions and observations on the draft will be received within (15) days of this announcement for assessing their relevance in finalizing the draft, SAMA added.

Details are available on Istitlaa platform of the National Competitiveness Center.

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