Article 18: Internal Policies and Procedures
Art. 18Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
The finance support company shall: 1. develop internal policies and procedures to ensure compliance with these Rules, the bank’s instructions, and relevant laws; and 2. develop written organizational policies which cover internal organization, governance, risk management, compliance, outsourcing and human resources. These policies shall be approved by the highest authority in the company.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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