The Entities Subject to the Provisions of the Law

A- Financial entities include:-

1. Banks operating in the Kingdom.
2. Exchange companies and money transfer companies.
3. Persons or companies exercising any of the activities subject to the supervision and licensing of the Securities Commission..
4. Persons or companies exercising any of the activities subject to the supervision and licensing of the Insurance Commission..
5. Entities offering postal services in accordance with the legislation in force.
6. Entities exercising any of the following financial activities:-

• Granting all types of credit.
• Providing payment and collection services.
• Issuing and administrating instruments payments and credit.
• Trading in stock exchange market and capital market instruments for its own account or for the account of its clients.
• Purchasing and selling debts with or without the right of recourse.
• Financial leasing.
• Managing investments and financial assets on behalf of a third party.

B- Non financial entities include:-

1. Persons or entities trading in real estate and its development.
2. Persons or entities trading in precious metals and stones.
3. Persons or entities that, on behalf of third party, perform any of the following business transactions:-

• Sale and purchase real estates.
• Management of funds or any other financial assets.
• Management of bank accounts, postal saving accounts or investments accounts in local and international financial markets.
• Legal procedures necessary for establishing or managing any legal person, purchasing or selling commercial stores.
• Organization of contributions related to the establishing or managing companies.

C- Entities or professions to which the Council of Ministers decides to apply the provisions of the law upon the recommendation of the National Committee.