Overview
Saudi sector regulations change at a pace deserving ongoing tracking, and companies with regulated activity need periodic review of their internal policies to confirm they stay aligned with any new update.
We help companies assess the actual impact of a new legislative amendment on their specific activity, rather than a general reading of the amendment that may not reflect the actual impact on their daily operations.
Regulatory Basis
This work draws on ongoing tracking of sector legislation relevant to each client's activity, and identifying any amendment requiring updates to internal policies.
How We Track Legislative Developments
We monitor legislative amendments in areas relevant to our clients' activities, and assess the impact of each new amendment on their existing internal policies.
Who Needs This Service
A company in a regulated sector that needs ongoing tracking of any legislative amendment affecting its activity.
A company receiving notice of a new regulatory amendment that needs its impact on current policies and operations assessed.
We notice that companies in fast-moving regulated sectors, like fintech, sometimes need to review their policies within weeks of a new amendment being issued, while companies in more stable sectors have a wider time margin to adapt. We help assess this actual time margin available for each sector rather than treating every regulatory update with the same level of urgency.
Additional Considerations
When the amendment relates to an existing license, this connects with our professional licensing and disciplinary service.
For specialized sectors with dedicated regulations, this connects with our sector-specific law services.
Common Questions
How do we stay informed of legislative amendments relevant to us?
We track these amendments on our clients' behalf, and make sure to inform them of any change specifically affecting their activity, rather than leaving them to track it themselves.
Do you review our internal policies periodically?
Yes, we recommend periodic review of internal policies against any regulatory update, rather than waiting until an actual compliance issue emerges.