المادة 17(g): Delegation by the Fund Manager

g. The delegation referenced in Paragraph (e) of this Article must be made pursuant to a contract in writing, and where the distributor is a local bank or Electronic Money Institution licensed by the Saudi Central Bank, it must include the following controls at minimum:

1) That the units of the publicly offered investment funds shall be distributed through the distributer’s website or application only.

2) The website or application of the delegated distributor provides the ability to fill and sign the required documents, including:

a) The fund manager's investment account opening agreement.

b) The “Know Your Client” form provided in the Capital Market Institutions Regulations.

c) The fund's subscription form, and the Fund’s Terms and Conditions in which a client wishes to participate.