The Saudi Central Bank (SAMA) seeks public consultation on the draft Implementing Regulation of the Systemically Important Financial Institutions Law. In this context, SAMA invites stakeholders and public for their suggestions and observations on the draft by visiting the Public Consultation Platform at the National Competitiveness Center.

The implementing regulation support SAMA in fulfilling its mandate to maintain monetary stability, support financial stability, and promote economic growth.

SAMA developed the implementing regulation in accordance with its competence stipulated in Article (37) of Systemically Important Financial Institutions Law issued by Royal Decree No. (M/38) dated 25/4/1442H. The Implementing Regulations of the Law shall be issued pursuant to a Council of Ministers' Resolution.

Suggestions and observations on the draft implementing regulations will be received within (30) days of this announcement for assessing their relevance in finalizing the draft. The draft is available on the Public Consultation Platform with the National Competitiveness Center (Link).