Article 17 of the Saudi Credit Information Law
المادة 17 من نظام المعلومات الائتمانية
Provides for publishing the Law in the Official Gazette, its taking effect 180 days after publication, and repealing provisions that conflict with it.
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) يوما من تاريخ نشره، ويلغى ما يتعارض معه من أحكام.
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 17 explained in plain English
This is the concluding article of the Law, and it deals with three matters:
- Publication: the Law is published in the Official Gazette.
- Entry into force: the Law does not take effect immediately on publication, but after 180 days have passed from the date of publication. This period allows the bodies subject to it to prepare to apply its provisions.
- Repeal of conflicting provisions: every provision that conflicts with the provisions of this Law is repealed. The article does not name particular provisions; it sets a general rule that whatever conflicts with the Law is not applied after it takes effect.
This period differs from the period for issuing the Implementing Regulations in Article 16: that one is 180 days counted from the date the Law was issued and the Regulations are issued by the Governor of the Institution, whereas the period in this article is counted from the date of its publication.
The text available here does not include the date of publication itself, so the day the Law took effect cannot be determined from it alone; refer to the publication details of the Law in the Official Gazette.
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 contentBanking, Finance & Securities lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Banking, Finance & Securities lawyers
Lawyers who handle this kind of case
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Dr. Saleh Altayyar & Partners Law Firm
Frequently asked questions about Article 17 of the Saudi Credit Information Law
When does the Credit Information Law take effect?
After 180 days from the date of its publication in the Official Gazette.
What is the status of provisions that conflict with the Law?
The article provides for repealing provisions that conflict with the Law.
More articles on Definitions and Scope of the Law
- Article 1
Defines the key terms of the Law, such as credit information, member, consumer, companies, credit record and public records.
يقصد بالألفاظ والعبارات الآتية أينما وردت في هذا النظام المعاني المبينة أمامها، ما لم يقتض السياق خلاف ذلك : المؤسسة : مؤسسة النقد العربي السعودي . المعلومات ال
- Article 2
States that the aim of the Law is to set the general foundations and controls for collecting credit information about consumers, exchanging it and protecting it.
يهدف هذا النظام إلى وضع الأسس العامة والضوابط اللازمة لجمع المعلومات الائتمانية عن المستهلكين وتبادلها وحمايتها.
- Article 3
Sets the scope of the Law: it applies to credit information companies, members, and the government and private bodies that hold credit information.
يسري هذا النظام على الشركات والأعضاء والجهات الحكومية والخاصة التي لديها معلومات ائتمانية .
- Article 16
Assigns the Governor of the Institution to issue the Law's Implementing Regulations within 180 days of the Law's issuance and publish them in the Official Gazette.
يصدر محافظ المؤسسة اللائحة التنفيذية لهذا النظام خلال (مائة وثمانين) يوما من تاريخ صدوره، وتنشر في الجريدة الرسمية.
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.