• Part 7 Part 7 Information Gathering, Inspection Visits and Judicial Investigation

    • Chapter 1 Chapter 1 Power of the Central Bank to Obtain Information

      • Article (111) Obtaining Information from Licensees

        The Central Bank may demand, by written notice given to a Licencee, any information, documents, statistics, yearly reports or any other periodical reports that the Central Bank requires according to this law.

        The Licensee shall provide the required information within the specified period and shall immediately notify the Central Bank of any major changes in such reports.

      • Article (112) Information from Others

        Without prejudice to Article (111) of this law, the Central Bank may require, by a written notice, any Listed company or any person who has issued debt instruments in the Kingdom to provide such information in relation to its financial affairs as the Central Bank deems necessary for discharging its duties and responsibilities under this law.

      • Article (113) Request of Reports from Related Parties

        (a) The Central Bank may request in writing from any Licensee's partner any reports that may be necessary under this law.
        (b) The person who prepares such reports referred to in the previous paragraph must be:
        1. nominated, appointed or approved by the Central Bank.
        2. duly qualified to prepare such reports.

    • Chapter 2 Chapter 2 Inspection

      • Article (114) Inspection

        (a) The Governor may assign some of the Central Bank officials or others (the "Inspectors"), to inspect the Licensees' or the listed companies businesses pursuant to the principles and procedures stated in the Regulations issued by the Central Bank. The Inspectors are authorised to investigate whether the Licensees or the listed companies are complying with the provisions of this Decree and the Regulations and resolutions issued in connection with implementing thereof. To achieve this objective the Inspectors are authorised to enter the premises and offices of the Licensees and the listed companies, to have access to the books, documents and correspondences and to question any persons as they deem necessary. They are also authorised to contact banks and other relative institutions in connection with the subject matter of the investigation or the institutions in which the Licensee has investments.
        (b) The term documents, to which the Inspectors shall have the right by virtue of the above paragraph to review, means the data written or recorded by any means including data recorded in electronic format

        The Licensees and the listed companies must provide, upon request, the Central Bank or the Inspectors with a legible copy of any data recorded in an illegible format
        (c) No person shall interrupt or prevent any authorised Inspectors from carrying out the duties and responsibilities required of them under this Decree.

      • Article (115) Judicial Investigation

        The officers of the Central Bank who are appointed by a resolution issued by the Minister of Justice in agreement with the Governor, shall have the capacity of Judicial Investigation Officers with respect to criminal offences that fall under their jurisdiction and relevant to the duties assigned to them. The verbal process of such crimes prepared by the said officials should be referred to the public prosecution pursuant to a resolution to be issued by the Governor or any person he may authorised.