Alqanoni

Electronic Transactions Law

Art. 15
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

Overseeing the implementation of the provisions of this Law shall be in accordance with the following: 1. The Ministry shall set general policies and draw development plans and programs for electronic transactions and signatures, submit draft laws and amendments thereto, coordinate with government agencies and others with regards to the implementation of this Law, and represent the Kingdom in local, regional, and international organizations with regards to electronic transactions and signatures. The Ministry may delegate the Commission or any other agency it deems fit to represent the Kingdom. 2. The Commission shall be in charge of the implementation of this Law and shall, to this end, have the power to do the following: a) Issue, renew, suspend, and revoke licenses of certification service providers. The Regulations shall provide for the necessary requirements and procedures for obtaining a license and its validity, renewal, suspension, revocation, and assignment, as well as the obligations of licensees, the conditions and procedures for suspending the activities thereof, and their legal effects. Electronic Transactions Law b) Ensure the compliance of certification service providers with the licenses issued to them, the provisions of this Law as well as the Regulations, and the decisions issued by the Commission. c) Take necessary measures– in accordance with the Regulations– to ensure the continuity of services to clients of the certification service provider upon suspension of the activities thereof or revocation or non- renewal of the license granted thereto. d) Propose draft laws and regulations relating to electronic transactions and amendments thereof, and submit the same to the Ministry to take necessary procedures. e) Determine the fees for providing licensing certification services, subject to the Minister's approval. Chapter 6: National Center for Digital Certification

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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