Article 25 of the Saudi Banking Control Law
المادة 25 من نظام مراقبة البنوك
The article provides that the Minister of Finance, at the Agency's request, appoints a committee of three persons from outside the Agency to decide penalized violations, and sets its working conditions and procedures.
Official text (Arabic)
This article has not been amended since the law was issued.
يعين وزير المالية والاقتصاد الوطني لجنة من ثلاثة أشخاص من خارج المؤسسة؛ للفصل في المخالفات المعاقب عليها بمقتضى هذا النظام، ويحدد الأوضاع والإجراءات التي تلتزمها في عملها، وذلك بناء على طلب المؤسسة.
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 25 explained in plain English
This article identifies the body that decides violations penalized by the law.
- Appointing authority: the Minister of Finance and National Economy.
- Upon: the request of the Agency.
- Composition: three persons from outside the Agency.
- Jurisdiction: deciding violations penalized under this law.
- Rules of work: the Minister sets the conditions and procedures the committee follows in its work.
The requirement that the members be from outside the Agency means that the supervisory authority that detects the violation is not itself the one that decides it, which achieves a degree of impartiality.
The article does not describe the litigation procedures before the committee or the periods for grievance or objection against its decisions, but leaves the conditions and procedures to what the Minister sets. These details should therefore be sought in what is issued on them. Anyone whose violation is referred to this committee should consult a lawyer specialized in banking and finance to deal with the procedures.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 25 of the Saudi Banking Control Law
Who decides violations of the Banking Control Law?
A committee of three persons from outside the Agency appointed by the Minister of Finance and National Economy at the Agency's request.
Are the committee's members Agency employees?
No. The article provides that they be from outside the Agency.
Who sets the committee's procedures?
The Minister of Finance and National Economy sets the conditions and procedures the committee follows.
More articles on Penalties for Banking Law Violations
- Article 19
The article prohibits anyone who obtains information during or on the occasion of work relating to applying the law from disclosing it or benefiting from it in any way.
يحظر على أي شخص يحصل على أية معلومات أثناء أو بمناسبة قيامه بأي عمل يتعلق بتطبيق أحكام هذا النظام إفشاؤها أو الإفادة منها بأية طريقة.
- Article 23
The article sets the penalties for violating the Banking Control Law with prison and fines by type of violation, treats related acts as one offense, and applies the more severe penalty where several provisions apply.
1 - يعاقب بالسجن مدة لا تزيد على سنتين، وبغرامة لا تزيد على خمسة آلاف ريال سعودي، عن كل يوم تستمر فيه المخالفة، أو بإحدى هاتين العقوبتين كل من خالف أحكام الفقرة
- Article 24
The article makes the bank's board chairman, managing director, members, head office manager and branch manager responsible, each within his jurisdiction, for the bank's violation of the law's provisions and decisions and rules.
يكون كل من رئيس مجلس إدارة البنك وعضو مجلس الإدارة المنتدب وأعضاء مجلس الإدارة ومدير المركز الرئيسي ومدير الفرع مسئولا - كل في حدود اختصاصه - عن مخالفة البنك لأ
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.