Commerce minister seeks public opinion on regulations of new anti-concealment law

Commerce minister seeks public opinion on regulations of new anti-concealment law

Saudi Gazette reportRIYADH — Saudi Arabia's Minister of Commerce Dr. Majed Al-Qasabi has called on the public and all those interested to express their views on the draft executive regulations of the new Anti-Commercial Concealment Law.“This is line with the principle of participation and transparency pursued by the Ministry of Commerce for commercial laws and legislations so as to achieve the goals of the Kingdom's Vision 2030,” he said.Al-Qasabi hoped that the anti-concealment regulations would contribute to providing a fair and competitive commercial environment that would ensure the protection of investors and enable entrepreneurs to carry out their activities in a regular manner and contribute to supporting the national economy.The Ministry of Commerce will receive opinions and proposals on the draft regulations through the National Competitiveness Center's platform “Istitlaa” until Jan. 28 on the following link: https://istitlaa.ncc.gov.sa/ar/Trade/mci/CoverUp/Pages/default.The executive regulations of the law explain the illegal tools used in the concealment practices and the procedures for reporting such crimes and violations and determining regulations for disbursing rewards for whistleblowers, and the powers, tasks,