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Banking Control Law

Bank licensing and supervision; Art 19 confidentiality

Type	Law
Issuing authority	Saudi Central Bank (SAMA)
Framework	Financial services
Tier	Primary law: niẓām (Royal Decree M/…)
Legal status	In force
Instrument number	M/5 · Royal Decree
Dates	Royal Decree M/5; dates to verify
Last verified	2026-10-20

The Banking Control Law (Royal Decree M/5) is the statute for licensing and supervising banks. Its dates and amendments are being verified.

• Art 19: bank confidentiality. The SAMA Outsourcing Rules (Art 24) make customer data sharing subject to it.
• Applies alongside the Saudi Central Bank Law and the PDPL.

In this framework

• The Capital Market Law
• Saudi Central Bank Law
• Law of Payments and Payment Services and its Implementing Regulation
• Credit Information Law
• Implementing Regulations of the Credit Information Law
• Payment Services Provider Regulations (2020)
• Capital Market Institutions Regulations
• SAMA Rules on Outsourcing (No. 41027017)
• Financial Consumer Protection Principles and Rules
• Cyber Resilience Fundamental Requirements (CRFR)
• Adherence to the PDPL and Data Governance Policies, Regulations and Rules (SAMA No. 43045328)
• SAMA Cyber Security Framework (CSF)
• Business Continuity Management Framework
• Counter-Fraud Framework (banks)
• Counter-Fraud Fundamental Requirements (finance and payment companies)
• Enhancement of Operational Resilience to Address Quantum Computing Risks
• Oversight Framework for Payment Systems and Their Operators
• Open Banking Framework
• IT Governance Framework
• Cyber Threat Intelligence Principles
• Ethical Red Teaming Framework
• CMA Cybersecurity Guidelines for Capital Market Institutions
• Payment Services Provider Regulatory Guidelines

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Content and register data licensed CC BY 4.0. Cite the live URL. Machine-readable register (JSON) · Markdown register · Content last verified: 2026-10-21