Article Twelve Control and Inspection
Art. TwelveStatus unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
SAMA shall supervise and conduct a periodic or surprise inspection of the Bank and the Company to ensure compliance to the Agreement and SAMA’s Bancassurance Rules, and investigate any violations detected by the inspection or from the complaints received by SAMA. SAMA may request all relevant information and documents to ensure the Bank and the Company’s compliance with the provisions of the Agreement and SAMA’s applicable instructions on conducting Bancassurance Activities.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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