Webinar recording – Open and Closed Frameworks and Dynamic Markets that comply with the Procurement Act 2023
11 April 2025
This webinar explained the differences between Open and Closed Frameworks and Dynamic Markets, offering practical guidance on setup and call-off processes. It also covered compliance with the 2023 Act requirements.
On Tuesday 8th April, industry experts Charlotte Ganz, Simon Harris, and James Lupton led an insightful webinar focused on the nuances of Open and Closed Frameworks and Dynamic Markets. The session provided attendees with practical guidance on how to effectively set up and call off using these commercial tools, ensuring compliance with the requirements of the 2023 Act.
Saudi Arabia, in line with its continuing commitment to improving corporate transparency and aligning with international standards on anti-money laundering (AML) and counter-terrorist financing (CTF) as well as aligning with the recommendations of the Financial Action Task Force (FATF), has implemented, as of 3 April 2025, rules in respect of the disclosure of Ultimate Beneficial Ownership ("UBO" and "UBO Rules").