Article 16 of the Saudi Credit Information Law

This article governs the issuance of the Implementing Regulations of the Credit Information Law, and has three elements:

• The issuing body: the Governor of the Institution, that is, the Governor of the Saudi Arabian Monetary Authority as defined in Article 1.
• The time limit: 180 days from the date the Law was issued.
• Publication: the Regulations are published in the Official Gazette.

The Implementing Regulations are the instrument that completes the details the Law leaves to them, so anyone who wants the detailed controls of any provision that refers to the Regulations should consult them and not rely on the text of the Law alone. The article does not state the content of the Regulations; it specifies who issues them, when, and how they are published.

Note the difference between the two time limits: the period for issuing the Regulations in this article runs from the date the Law was issued, whereas Article 17 provides that the Law takes effect 180 days after the date of its publication in the Official Gazette.

This article comes before the concluding Article 17, after Article 15 explained the right of an injured person to claim compensation before the competent judicial body after the committee has issued a decision.