Article 45 of the Saudi Accredited Valuers Law
المادة 45 من نظام المقيمين المعتمدين
The article provides that the Accredited Valuers Law is published in the Official Gazette and takes effect 180 days after its publication.
Official text (Arabic)
This article has not been amended since the law was issued.
ينشر هذا النظام في الجريدة الرسمية، ويعمل به بعد مائة وثمانين يوماً من تاريخ نشره.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 45 explained in plain English
This article sets the date the Law takes effect, and contains two provisions:
- Publication: the Law is published in the Official Gazette.
- Effect: it takes effect 180 days after the date of its publication.
Why is this period relatively long? The Law creates a new authority and regulates an entire profession, and applying it requires preparation, including preparing the Implementing Regulations, which Article 44 provides are prepared by the Authority's board of directors, issued by decision of the Minister, and take effect when the Law takes effect.
Why the effective date matters: the effective date is the dividing line between what came before the Law and what comes after, so you may need it to calculate any period that the Law ties to its taking effect.
How the period is counted: the 180-day period starts from the date of publication in the Official Gazette, not from the date the Law was issued.
The practical effect:
- Events that occur after the Law takes effect are subject to its provisions.
- The text does not state the publication date itself, so learning the actual effective date requires checking the date of its publication in the Official Gazette.
Anyone who needs to determine whether a particular event is subject to the Law according to when it occurred can consult a lawyer who specializes in commercial cases.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
How we write and review contentCommercial & Corporate Law lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Commercial & Corporate Law lawyers
Lawyers who handle this kind of case
Ibrahim Al Salem Law Firm
Active contributor
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Frequently asked questions about Article 45 of the Saudi Accredited Valuers Law
When does the Accredited Valuers Law take effect?
180 days after the date of its publication in the Official Gazette.
Do the Implementing Regulations take effect with the Law?
Yes. Article 44 provides that the Implementing Regulations take effect when the Law takes effect.
More articles on Exceptions and Final Provisions
- Article 38
This article has the competent court hear all lawsuits brought by or against the accredited valuer for a reason related to practicing the profession under the law.
تتولى المحكمة المختصة النظر في جميع الدعاوى التي تقام من المقيّم المعتمد أو عليه لسبب يتعلق بمزاولته المهنة طبقاً لأحكام هذا النظام .
- Article 41
This article provides that the relationship between licensed accredited valuers under the law and non-Saudi accredited valuers is regulated as this law and the Professional Companies Law determine.
تنظم العلاقة بين المقيّمين المعتمدين ـ المرخص لهم وفقاً لهذا النظام ـ والمقيّمين المعتمدين غير السعوديين، وفقاً لما يحدده هذا النظام ونظام الشركات المهنية .
- Article 42Amended by M/190
This article exempts government employees who carry out valuation by virtue of their work in government committees from the law, provided they pass the tests the Authority sets to qualify them.
لا تنطبق أحكام هذا النظام على الموظفين الحكوميين القائمين بأعمال التقييم بحكم أعمالهم في اللجان المختلفة في الأجهزة الحكومية على أن يجتازوا الاختبارات التي تحدد
- Article 43
This article requires that what is stated in Article 18 of the Cooperative Insurance Companies Control Law be taken into account when applying the provisions of the Accredited Valuers Law.
يراعى في تطبيق أحكام هذا النظام ما ورد في المادة (الثامنة عشرة) من نظام مراقبة شركات التأمين التعاوني.
- Article 44
This article provides that the Authority's board of directors prepares the Implementing Regulations of the Accredited Valuers Law, they are issued by decision of the Minister, and they take effect when the law takes effect.
يعد مجلس الإدارة اللائحة التنفيذية لهذا النظام ، وتصدر بقرار من الوزير، وتكون نافذة بنفاذ هذا النظام.
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.