rega_gov_sa · guide · processed · 47 chunks
Process Description: Handling and registering natural person’s request in Developer Registry. Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application Form. | 2. Statement of the implemented projects and their value, in addition to attaching proof of such implementation ( [1] ) . 3. Financial statements audited by a chartered accountant, or a financial statement for enterprise established before less than one year. ( [2] ) | 4. A valid commercial registration that includes engaging in real estate development activity. 5. A certificate issued within the last three months confirming the good standing of credit record. | 6. The methodology followed for one of the implemented projects ( [3] ) . 7. Enterprise’s approved organizational structure. | 8. Work Organization Regulation approved by the Ministry of Human Resources and Social Development. 9. Approved Occupational Safety and Health Management Regulation or ISO 45001 Certificate. | 10. Saudization Certificate issued by the competent authority. 11. General Organization for Social Insurance “GOSI” Certificates and list of on-the-job subscribers. | 12. Completing REGA Approved Qualification Program ( [4] ) . 13. Zakat, Tax and Customs Authority (ZATCA) Certificate. | 14. A statement of engineers accredited by Saudi Council of Engineers (SCE) who are employed by the enterprise ( [5] ) . 15. Enterprise’s approved social responsibility programs ( [6] ) . Requisites 1. Application Form. 2. Statement of the implemented projects and their value, in addition to attaching proof of such implementation ( [1] ) . 3. Financial statements audited by a chartered accountant, or a financial statement for enterprise established before less than one year. ( [2] ) 4. A valid commercial registration that includes engaging in real estate development activity. 5. A certificate issued within the last three months confirming the good standing of credit record. 6. The methodology followed for one of the implemented projects ( [3] ) . 7. Enterprise’s approved organizational structure. 8. Work Organization Regulation approved by the Ministry of Human Resources and Social Development. 9. Approved Occupational Safety and Health Management Regulation or ISO 45001 Certificate. 10. Saudization Certificate issued by the competent authority. 11. General Organization for Social Insurance “GOSI” Certificates and list of on-the-job subscribers. 12. Completing REGA Approved Qualification Program ( [4] ) . 13. Zakat, Tax and Customs Authority (ZATCA) Certificate. 14. A statement of engineers accredited by Saudi Council of Engineers (SCE) who are employed by the enterprise ( [5] ) . 15. Enterprise’s approved social responsibility programs ( [6] ) . REGA Role 1. Ensuring that requisites are met. | 2. Assessing requisites, ensuring availability of all mandatory requisites, and ensuring that the applicant has obtained a minimum of thirty-five (35) points according to the table stipulated in Article (5.1) of the Regulations. ( [7] ) REGA Role 1. Ensuring that requisites are met. 2. Assessing requisites, ensuring availability of all mandatory requisites, and ensuring that the applicant has obtained a minimum of thirty-five (35) points according to the table stipulated in Article (5.1) of the Regulations. ( [7] ) Key Outputs 1. Certificate of Registration in Developer Registry. 2. Registering Developer in Developer Registry. 3. Updating Developer Registry. Key Outputs 1. Certificate of Registration in Developer Registry. 2. Registering Developer in Developer Registry. 3. Updating Developer Registry. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. Process Description: Handling Natural Person’s Request for Registration in Developer Registry. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application Form | 2. Completing REGA Approved Qualification Program. 3. Statement of the implemented projects and their value, in addition to attaching proof of such implementation. | 4. A certificate issued within the last two months confirming the good standing of credit record. 5. Certificate of VAT Registration for Individuals. Requisites 1. Application Form 2. Completing REGA Approved Qualification Program. 3. Statement of the implemented projects and their value, in addition to attaching proof of such implementation. 4. A certificate issued within the last two months confirming the good standing of credit record. 5. Certificate of VAT Registration for Individuals. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Assessing requisites, ensuring availability of all mandatory requisites, and ensuring that the applicant has obtained a minimum of thirty-five (35) points according to the table stipulated in Article (5.2) of the Regulations. ( [8] ) REGA Role 1. Ensuring that requisites are met. 2. Assessing requisites, ensuring availability of all mandatory requisites, and ensuring that the applicant has obtained a minimum of thirty-five (35) points according to the table stipulated in Article (5.2) of the Regulations. ( [8] ) Key Outputs 1. Certificate of Registration in Developer Registry. 2. Registering Developer in Developer Registry. 3. Updating Developer Registry. Key Outputs 1. Certificate of Registration in Developer Registry. 2. Registering Developer in Developer Registry. 3. Updating Developer Registry. Process Description: Handling request submitted by registered Developer to increase evaluation score in Developer Registry. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application Form | 2. Proof of capability change in accordance with evaluation criteria stipulated in Article (5) of the Regulations ( [9] ) . Requisites 1. Application Form 2. Proof of capability change in accordance with evaluation criteria stipulated in Article (5) of the Regulations ( [9] ) . Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that there are no observations concerning the Developer or its projects. 3. Ensuring that there are not any outstanding financial claims against the Developer. | 4. Ensuring that there are not any projects delayed or stalled by the Developer. REGA Role 1. Ensuring that requisites are met. 2. Ensuring that there are no observations concerning the Developer or its projects. 3. Ensuring that there are not any outstanding financial claims against the Developer. 4. Ensuring that there are not any projects delayed or stalled by the Developer. Key Outputs 1. Updating Certificate of Registration in Developer Registry. 2. Updating Developer Registry. Key Outputs 1. Updating Certificate of Registration in Developer Registry. 2. Updating Developer Registry. Process Description: Handling update of Developer evaluation score. Procedure: Parties to Relationship 1. REGA Parties to Relationship 1. REGA Requisites 1. Proof of capability change in accordance with evaluation criteria ( [10] ) . Requisites 1. Proof of capability change in accordance with evaluation criteria ( [10] ) . REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Updating Certificate of Registration in Developer Registry. 2. Notifying Developer. 3. Updating Developer Registry. Key Outputs 1. Updating Certificate of Registration in Developer Registry. 2. Notifying Developer. 3. Updating Developer Registry. Process Description: Handling procedure for suspending Developer registration if the minimum evaluation criteria is no longer met. Procedure: Parties to Relationship 1. REGA Parties to Relationship 1. REGA Requisites 1. Proof that the Developer is no longer meeting minimum qualification score. Requisites 1. Proof that the Developer is no longer meeting minimum qualification score. REGA Role 1. Ensuring that the requisites are met. | 2. Notifying Developer of suspension and corrective period. REGA Role 1. Ensuring that the requisites are met. 2. Notifying Developer of suspension and corrective period. Key Outputs 1. Suspending Developer registration in Developer Registry. 2. Updating Developer Registry. 3. Notifying Developer of suspension and being granted (three-month) period for correction. Key Outputs 1. Suspending Developer registration in Developer Registry. 2. Updating Developer Registry. 3. Notifying Developer of suspension and being granted (three-month) period for correction. Process Description: Handling procedure for canceling Developer registration from Developer Registry after expiry of corrective period. Procedure: Parties to Relationship 1. REGA Parties to Relationship 1. REGA Requisites 1. Occurrence of any of the following cases: a. If the Developer becomes bankrupt. b. If a decision is issued to penalize the Developer for committing a serious violation of provisions of the Law or the Regulations and bylaws governing the practice of real estate development activity. c. If REGA deems it necessary to cancel registration of the Developer from Developer Registry in the event the Developer, without an acceptable excuse, fails to commence the construction works of the licensed real estate project within six (6) months as of license issuance date. d. If REGA deems it necessary to cancel registration of the Developer from Developer Registry due to repeated delay or failure in the completion of several real estate projects, or if it is proven that the Developer has compromised the quality of project implementation. e. If the corrective period granted to the Developer after suspension of registration expires and the Developer fails to rectify the status. Requisites 1. Occurrence of any of the following cases: a. If the Developer becomes bankrupt. b. If a decision is issued to penalize the Developer for committing a serious violation of provisions of the Law or the Regulations and bylaws governing the practice of real estate development activity. c. If REGA deems it necessary to cancel registration of the Developer from Developer Registry in the event the Developer, without an acceptable excuse, fails to commence the construction works of the licensed real estate project within six (6) months as of license issuance date. d. If REGA deems it necessary to cancel registration of the Developer from Developer Registry due to repeated delay or failure in the completion of several real estate projects, or if it is proven that the Developer has compromised the quality of project implementation. e. If the corrective period granted to the Developer after suspension of registration expires and the Developer fails to rectify the status. REGA Role 1. Ensuring that there is evidence confirming the occurrence of one of the cases stated in the requisites. | 2. Canceling Developer registration. REGA Role 1. Ensuring that there is evidence confirming the occurrence of one of the cases stated in the requisites. 2. Canceling Developer registration. Key Outputs 1. Canceling registration in Real Estate Developer Registry. 2. Updating Developer Registry. Key Outputs 1. Canceling registration in Real Estate Developer Registry. 2. Updating Developer Registry. Process Description: Handling request for accreditation of consulting office with REGA. Procedure: Parties to Relationship 1. Consulting Office | 2. REGA Parties to Relationship 1. Consulting Office 2. REGA Requisites 1. Application Form | 2. Valid commercial registration. 3. SCE license. | 4. Certificate of City Service Providers Classification “Balady”. ( [11] ) 5. Certificate of completing REGA Approved Qualification Program. ( [12] ) | 6. General Organization for Social Insurance “GOSI” Certificates and list of on-the-job subscribers. Requisites 1. Application Form 2. Valid commercial registration. 3. SCE license. 4. Certificate of City Service Providers Classification “Balady”. ( [11] ) 5. Certificate of completing REGA Approved Qualification Program. ( [12] ) 6. General Organization for Social Insurance “GOSI” Certificates and list of on-the-job subscribers. Consulting Office Role 1. Submitting application form. | 2. Attaching required documents. Consulting Office Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Issuing Certificate of Consulting Office Accreditation. 2. Registering Consulting Office in Accreditation Registry. 3. Updating Accreditation Registry. Key Outputs 1. Issuing Certificate of Consulting Office Accreditation. 2. Registering Consulting Office in Accreditation Registry. 3. Updating Accreditation Registry. Process Description: Handling procedure for canceling Consulting Office accreditation with REGA. Procedure: Parties to Relationship 1. REGA Parties to Relationship 1. REGA Requisites 1. Evidence confirming that one or all Consulting Office accreditation qualifications is/are no longer met ( [13] ) , or a decision is issued by the Committee for Considering Violations of Provisions of the Law to cancel Consulting Office accreditation. Requisites 1. Evidence confirming that one or all Consulting Office accreditation qualifications is/are no longer met ( [13] ) , or a decision is issued by the Committee for Considering Violations of Provisions of the Law to cancel Consulting Office accreditation. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Canceling Certificate of Consulting Office Accreditation. 2. Updating Accreditation Registry. 3. Notifying Consulting Office of canceling accreditation. Key Outputs 1. Canceling Certificate of Consulting Office Accreditation. 2. Updating Accreditation Registry. 3. Notifying Consulting Office of canceling accreditation. Process Description: Handling Developer’s request for change of Consulting Office appointed to oversee the project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form elaborating reasons for requesting change. | 2. Agreement of alternative Consulting Office, including takeover of previous works. 3. Project Status Report. Requisites 1. Application form elaborating reasons for requesting change. 2. Agreement of alternative Consulting Office, including takeover of previous works. 3. Project Status Report. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Approving Request for Change of Consulting Office assigned to oversee the project. 2. Updating Project Register. Key Outputs 1. Approving Request for Change of Consulting Office assigned to oversee the project. 2. Updating Project Register. Process Description: Handling Chartered Accountant’s Request for Accreditation by REGA. Procedure: Parties to Relationship 1. Chartered Accountant | 2. REGA Parties to Relationship 1. Chartered Accountant 2. REGA Requisites 1. Application Form. | 2. Valid commercial registration. 3. General Organization for Social Insurance “GOSI” Certificates and list of on-the-job subscribers. | 4. Saudi Organization for Chartered and Professional Accountants (SOCPA) License. 5. Certificate of completing REGA Approved Qualification Program. ( [14] ) Requisites 1. Application Form. 2. Valid commercial registration. 3. General Organization for Social Insurance “GOSI” Certificates and list of on-the-job subscribers. 4. Saudi Organization for Chartered and Professional Accountants (SOCPA) License. 5. Certificate of completing REGA Approved Qualification Program. ( [14] ) Chartered Accountant Role 1. Submitting application form. | 2. Attaching required documents. Chartered Accountant Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Issuing Certificate of Chartered Accountant Accreditation. 2. Registering Chartered Accountant in Accreditation Registry. 3. Updating Accreditation Registry. Key Outputs 1. Issuing Certificate of Chartered Accountant Accreditation. 2. Registering Chartered Accountant in Accreditation Registry. 3. Updating Accreditation Registry. Process Description: Handling procedure for canceling accreditation of Chartered Accountant if the minimum qualification criteria is no longer met. Procedure: Parties to Relationship 1. REGA Parties to Relationship 1. REGA Requisites 1. Evidence confirming that one or all Office qualifications is/are no longer met ( [15] ) , or a decision is issued by the Committee for Considering Violations of Provisions of the Law to cancel Chartered Accountant accreditation. Requisites 1. Evidence confirming that one or all Office qualifications is/are no longer met ( [15] ) , or a decision is issued by the Committee for Considering Violations of Provisions of the Law to cancel Chartered Accountant accreditation. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Canceling Certificate of Chartered Accountant Accreditation. 2. Updating Accreditation Registry. 3. Notifying Chartered Accountant of canceling accreditation. Key Outputs 1. Canceling Certificate of Chartered Accountant Accreditation. 2. Updating Accreditation Registry. 3. Notifying Chartered Accountant of canceling accreditation. Process Description: Handling Request for Change of Chartered Accountant assigned to oversee the project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form elaborating reasons for requesting change. | 2. Agreement of alternative Chartered Accountant, including takeover of previous works. 3. Former Chartered Accountant’s Project Status Report. | 4. Clearance Statement from the former Chartered Accountant. Requisites 1. Application form elaborating reasons for requesting change. 2. Agreement of alternative Chartered Accountant, including takeover of previous works. 3. Former Chartered Accountant’s Project Status Report. 4. Clearance Statement from the former Chartered Accountant. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Approving request for change of Chartered Accountant Office assigned to oversee the project. 2. Updating Project Register. Key Outputs 1. Approving request for change of Chartered Accountant Office assigned to oversee the project. 2. Updating Project Register. Process Description: Handling Developer’s Request for Change of Bank assigned for the project. Procedure: Parties to Relationship 1. Developer | 2. Former Bank. 3. REGA. Parties to Relationship 1. Developer 2. Former Bank. 3. REGA. Requisites 1. Application form elaborating reasons for requesting change. | 2. Escrow Account Agreement with alternative Bank. 3. Report of former Bank / Chartered Account of account current situation. | 4. Statement of account of financial transactions up to request date Requisites 1. Application form elaborating reasons for requesting change. 2. Escrow Account Agreement with alternative Bank. 3. Report of former Bank / Chartered Account of account current situation. 4. Statement of account of financial transactions up to request date Developer Role 1. Submitting application form. | 2. Attaching Escrow Account Agreement with alternative Bank. Developer Role 1. Submitting application form. 2. Attaching Escrow Account Agreement with alternative Bank. Former Bank / Chartered Accountant Role 1. Providing a report of account current situation. | 2. Attaching deposit record. Former Bank / Chartered Accountant Role 1. Providing a report of account current situation. 2. Attaching deposit record. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Approving change of Bank assigned for the project. 2. Approving closure of previous escrow account. 3. Updating Project Register. Key Outputs 1. Approving change of Bank assigned for the project. 2. Approving closure of previous escrow account. 3. Updating Project Register. Process Description: Handling Request for Marketing Off-Plan Real Estate Project (without Paying Amounts) Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application Form. | 2. Number of property registration deed. 3. Number of marketing agreement concluded by and between the real estate broker and the Developer. ( [16] ) | 4. A copy of Development Agreement by and between the Developer and Landlord. ( [17] ) 5. Project architectural designs and engineering drawings or building permit. Requisites 1. Application Form. 2. Number of property registration deed. 3. Number of marketing agreement concluded by and between the real estate broker and the Developer. ( [16] ) 4. A copy of Development Agreement by and between the Developer and Landlord. ( [17] ) 5. Project architectural designs and engineering drawings or building permit. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. License for Marketing Off-Plan Real Estate Project (without Receiving Amounts). 2. Updating Project Register. Key Outputs 1. License for Marketing Off-Plan Real Estate Project (without Receiving Amounts). 2. Updating Project Register. Process Description: Handling Request for Extending License for Marketing Off-Plan Real Estate Project (without Receiving Amounts) Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form elaborating number of License for Marketing Project and reason for extension. Requisites 1. Application form elaborating number of License for Marketing Project and reason for extension. Developer Role 1. Submitting application form. Developer Role 1. Submitting application form. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Approving extension of License for Marketing Off-Plan Real Estate Project (without Receiving Amounts). 2. Updating Project Register. Key Outputs 1. Approving extension of License for Marketing Off-Plan Real Estate Project (without Receiving Amounts). 2. Updating Project Register. Process Description: Handling Request for Issuing License for Marketing Off-Plan Real Estate Project (with Receiving Amounts) Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including undertaking of the following: a. Not to receive more than (5%) of the real estate unit value. b. Depositing all received booking amounts in the escrow account designated for this purpose. | 2. Number of property registration deed. 3. Number of marketing agreement concluded by and between the real estate broker and the Developer. ( [18] ) | 4. A copy of Development Agreement by and between the Developer and Landlord. ( [19] ) 5. Project architectural designs and engineering drawings or building permit. | 6. Attaching project status report and future plans. 7. Booking Application Form. | 8. IBAN of escrow account designated for the project. Requisites 1. Application form, including undertaking of the following: a. Not to receive more than (5%) of the real estate unit value. b. Depositing all received booking amounts in the escrow account designated for this purpose. 2. Number of property registration deed. 3. Number of marketing agreement concluded by and between the real estate broker and the Developer. ( [18] ) 4. A copy of Development Agreement by and between the Developer and Landlord. ( [19] ) 5. Project architectural designs and engineering drawings or building permit. 6. Attaching project status report and future plans. 7. Booking Application Form. 8. IBAN of escrow account designated for the project. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Opening escrow account for the project. 2. Issuing License for Marketing Off-Plan Real Estate Project (with Receiving Amounts) that includes escrow account IBAN. 3. Approving Booking Application Form. 4. Updating Project Register. Key Outputs 1. Opening escrow account for the project. 2. Issuing License for Marketing Off-Plan Real Estate Project (with Receiving Amounts) that includes escrow account IBAN. 3. Approving Booking Application Form. 4. Updating Project Register. Process Description: Handling Procedure for Refunding Booking Applicant’s Amounts from Escrow Account During License Period upon Booking Applicant’s Request. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Submitting application form elaborating: a. Project Name and License Number. b. Escrow Account Number. c. Booking Applicant’s Bank and Account Number. d. Booking amount. e. Booking date. | 2. Booking Applicant’s IBAN Certificate. 3. Proof of depositing amount into the escrow account by an official document issued by the Bank. | 4. A written statement from Booking Applicant indicating desire to have booking amount refunded to their account. Requisites 1. Submitting application form elaborating: a. Project Name and License Number. b. Escrow Account Number. c. Booking Applicant’s Bank and Account Number. d. Booking amount. e. Booking date. 2. Booking Applicant’s IBAN Certificate. 3. Proof of depositing amount into the escrow account by an official document issued by the Bank. 4. A written statement from Booking Applicant indicating desire to have booking amount refunded to their account. Developer Role 1. Filling in the application form. | 2. Attaching required documents. Developer Role 1. Filling in the application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Addressing the Saudi Central Bank “SAMA” to transfer booking amount to Booking Applicant’s personal account. Key Outputs 1. Addressing the Saudi Central Bank “SAMA” to transfer booking amount to Booking Applicant’s personal account. Process Description: Handling Refunding Amounts Deposited in Escrow Account under License for Marketing Real Estate Project to their Owners in Case of Canceling License for Marketing or Failure to Complete License for Off-Plan Sale or Lease of after Lapse of (180) Days. Procedure: Parties to Relationship 1. Developer | 2. REGA. 3. Bank. Parties to Relationship 1. Developer 2. REGA. 3. Bank. Requisites 1. Application Form elaborating: a. Project Name and License Number. b. Identifying names of all Booking Applicants, paid amount and bank account number (IBAN). | 2. Receipts of payment by Booking Applicant. 3. Booking Register. | 4. Updated statement of escrow account. Requisites 1. Application Form elaborating: a. Project Name and License Number. b. Identifying names of all Booking Applicants, paid amount and bank account number (IBAN). 2. Receipts of payment by Booking Applicant. 3. Booking Register. 4. Updated statement of escrow account. Developer Role 1. Submitting application form. | 2. Attaching receipts of payment by Booking Applicant. 3. Attaching Booking Register. | 4. Attaching a copy of booking applications. Developer Role 1. Submitting application form. 2. Attaching receipts of payment by Booking Applicant. 3. Attaching Booking Register. 4. Attaching a copy of booking applications. Bank Role 1. Attaching updated statement of escrow account. Bank Role 1. Attaching updated statement of escrow account. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Refunding amounts to Booking Applicants. 2. Updating Project Register. 3. Closing escrow account. 4. Notifying Developer. Key Outputs 1. Refunding amounts to Booking Applicants. 2. Updating Project Register. 3. Closing escrow account. 4. Notifying Developer. Process Description: Handling Request for Canceling License for Marketing Off-Plan Real Estate Project Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including project license number and reasons for cancellation. | 2. Project Booking Register. ( [21] ) Requisites 1. Application form, including project license number and reasons for cancellation. 2. Project Booking Register. ( [21] ) Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that there are not amounts paid to Booking Applicant. ( [22] ) REGA Role 1. Ensuring that requisites are met. 2. Ensuring that there are not amounts paid to Booking Applicant. ( [22] ) Key Outputs 1. Canceling License for Marketing Off-Plan Real Estate Project. 2. Closing Escrow Account. ( [23] ) 3. Updating Project Register. Key Outputs 1. Canceling License for Marketing Off-Plan Real Estate Project. 2. Closing Escrow Account. ( [23] ) 3. Updating Project Register. Process Description: Handling Request for Issuing License for Selling Off-Plan Real Estate Project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including an undertaking to commence construction works within six (6) months from the date of license, and to inform REGA of the actual start date of works. | 2. A letter issued from Etmam Center or any competent authority responsible for building permits confirming that the project meets the requirements for building permit.( [24] ) 3. Commercial registration, including real estate development activity.( [25] ) | 4. Chamber of Commerce Certificate.( [26] ) 5. A copy of credit record elaborating Developer’s credit standing.( [27] ) | 6. Valid real estate project building permit.( [28] ) 7. Property title deed. | 8. A copy of the agreement made by and between the Developer and Landlord or Beneficial Owner.( [29] ) 9. A copy of the agreement made by and between the Main Developer and Sub-developer.( [30] ) | 10. Project feasibility study approved by a Consulting Office.( [31] ) 11. Architectural designs and engineering drawings approved by the competent authorities. | 12. A copy of the agreement made by and between the Developer and Consulting Office. 13. A copy of the agreement made by and between the Developer and Chartered Accountant. | 14. A form of sale contract by and between the Developer and Buyer. 15. Escrow Account Opening Agreement with the Bank. | 16. Letter of consent from Property Owner to annotate the property title deed, if the property is not registered in the Real Estate Registry. 17. Mortgagee’s consent in case the property title deed is mortgaged. | 18. A letter listing authorized signatories for signing disbursement documents. 19. Unit Subdivision Report.( [32] ) | 20. A copy of the approved primary plan.( [33] ) 21. Certificate of Completing REGA Approved Qualification Program. Requisites 1. Application form, including an undertaking to commence construction works within six (6) months from the date of license, and to inform REGA of the actual start date of works. 2. A letter issued from Etmam Center or any competent authority responsible for building permits confirming that the project meets the requirements for building permit.( [24] ) 3. Commercial registration, including real estate development activity.( [25] ) 4. Chamber of Commerce Certificate.( [26] ) 5. A copy of credit record elaborating Developer’s credit standing.( [27] ) 6. Valid real estate project building permit.( [28] ) 7. Property title deed. 8. A copy of the agreement made by and between the Developer and Landlord or Beneficial Owner.( [29] ) 9. A copy of the agreement made by and between the Main Developer and Sub-developer.( [30] ) 10. Project feasibility study approved by a Consulting Office.( [31] ) 11. Architectural designs and engineering drawings approved by the competent authorities. 12. A copy of the agreement made by and between the Developer and Consulting Office. 13. A copy of the agreement made by and between the Developer and Chartered Accountant. 14. A form of sale contract by and between the Developer and Buyer. 15. Escrow Account Opening Agreement with the Bank. 16. Letter of consent from Property Owner to annotate the property title deed, if the property is not registered in the Real Estate Registry. 17. Mortgagee’s consent in case the property title deed is mortgaged. 18. A letter listing authorized signatories for signing disbursement documents. 19. Unit Subdivision Report.( [32] ) 20. A copy of the approved primary plan.( [33] ) 21. Certificate of Completing REGA Approved Qualification Program. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Completing procedures for annotation on property title deed. 3. Ensuring that the Developer attains the required score based on project area. ( [34] ) REGA Role 1. Ensuring that requisites are met. 2. Completing procedures for annotation on property title deed. 3. Ensuring that the Developer attains the required score based on project area. ( [34] ) Key Outputs 1. Issuing License for Selling Off-Plan Real Estate Project. 2. Addressing Bank to activate escrow account. 3. Updating Project Register. Key Outputs 1. Issuing License for Selling Off-Plan Real Estate Project. 2. Addressing Bank to activate escrow account. 3. Updating Project Register. Process Description: Handling Request for Issuing License for Leasing Off-Plan Real Estate Project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including an undertaking to commence construction works within six (6) months from the date of license, and to inform REGA of the actual start date of works. | 2. A letter issued from Etmam Center or any competent authority responsible for building permits confirming that the project meets the requirements for building permit. ( [35] ) 3. Commercial registration, including real estate development activity. | 4. Chamber of Commerce Certificate. 5. A copy of credit record. ( [36] ) | 6. Valid real estate project building permit. ( [37] ) 7. Property title deed, or usufruct contracts for government lands. | 8. A copy of the agreement made by and between the Developer and Landlord or Beneficial Owner. ( [38] ) 9. A copy of the agreement made by and between the Main Developer and Sub-developer. ( [39] ) | 10. Project feasibility study approved by a consulting office. ( [40] ) 11. Architectural designs and engineering drawings approved by the competent authorities. | 12. A copy of the agreement made by and between the Developer and Consulting Office. 13. A copy of the agreement made by and between the Developer and Chartered Accountant. | 14. Form of lease agreement made by and between the Developer and Buyer. 15. Escrow Account Opening Agreement with the Bank. | 16. Letter of consent from Property Owner to annotate the property title deed, if the property is not registered in the Real Estate Registry. 17. Mortgagee’s consent in case the property title deed is mortgaged. | 18. A letter listing authorized signatories for signing disbursement documents. 19. Unit Subdivision Report. ( [41] ) | 20. A copy of the approved primary plan. ( [42] ) 21. A report from the Consulting Office in case the project is started before submitting licensing application. ( [43] ) Requisites 1. Application form, including an undertaking to commence construction works within six (6) months from the date of license, and to inform REGA of the actual start date of works. 2. A letter issued from Etmam Center or any competent authority responsible for building permits confirming that the project meets the requirements for building permit. ( [35] ) 3. Commercial registration, including real estate development activity. 4. Chamber of Commerce Certificate. 5. A copy of credit record. ( [36] ) 6. Valid real estate project building permit. ( [37] ) 7. Property title deed, or usufruct contracts for government lands. 8. A copy of the agreement made by and between the Developer and Landlord or Beneficial Owner. ( [38] ) 9. A copy of the agreement made by and between the Main Developer and Sub-developer. ( [39] ) 10. Project feasibility study approved by a consulting office. ( [40] ) 11. Architectural designs and engineering drawings approved by the competent authorities. 12. A copy of the agreement made by and between the Developer and Consulting Office. 13. A copy of the agreement made by and between the Developer and Chartered Accountant. 14. Form of lease agreement made by and between the Developer and Buyer. 15. Escrow Account Opening Agreement with the Bank. 16. Letter of consent from Property Owner to annotate the property title deed, if the property is not registered in the Real Estate Registry. 17. Mortgagee’s consent in case the property title deed is mortgaged. 18. A letter listing authorized signatories for signing disbursement documents. 19. Unit Subdivision Report. ( [41] ) 20. A copy of the approved primary plan. ( [42] ) 21. A report from the Consulting Office in case the project is started before submitting licensing application. ( [43] ) Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Completing procedures for annotation on property title deed. 3. Ensuring that the Developer attains the required score based on project area. ( [44] ) REGA Role 1. Ensuring that requisites are met. 2. Completing procedures for annotation on property title deed. 3. Ensuring that the Developer attains the required score based on project area. ( [44] ) Key Outputs 1. Issuing License for Leasing Off-Plan Real Estate Projects. 2. Addressing Bank to activate escrow account. 3. Updating Project Register. Key Outputs 1. Issuing License for Leasing Off-Plan Real Estate Projects. 2. Addressing Bank to activate escrow account. 3. Updating Project Register. Process Description: Handling Request for Dividing Off-Plan Real Estate Project into Multiple Zones. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including an undertaking to start work in any zone only after receiving REGA approval. ( [45] ) | 2. A separate annex to Escrow Account Agreement for each zone. 3. Annex to the agreement made with the Chartered Accountant that stipulates providing separate reports for each zone. ( [46] ) | 4. Annex to the agreement made with the Consulting Office that stipulates providing separate reports for each zone. ( [47] ) Requisites 1. Application form, including an undertaking to start work in any zone only after receiving REGA approval. ( [45] ) 2. A separate annex to Escrow Account Agreement for each zone. 3. Annex to the agreement made with the Chartered Accountant that stipulates providing separate reports for each zone. ( [46] ) 4. Annex to the agreement made with the Consulting Office that stipulates providing separate reports for each zone. ( [47] ) Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Approving subdivision of the real estate project into multiple zones. 2. Approving commencement of work in project specified zone. 3. Updating Project Register. 4. Addressing Bank to activate the escrow account for specified zone. Key Outputs 1. Approving subdivision of the real estate project into multiple zones. 2. Approving commencement of work in project specified zone. 3. Updating Project Register. 4. Addressing Bank to activate the escrow account for specified zone. Process Description: Handling Request for Change of Project Plan after Licensing. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including an undertaking by the Developer that project plan change will not affect handover date of sold units. | 2. Approval of landlord or usufructuary. 3. Providing the following documents, while being approved by the Consulting Office: a. Updated timeline, including all S-curves (according to the template). b. Reasons for change. c. The realism of project start and end dates in the new plan. Requisites 1. Application form, including an undertaking by the Developer that project plan change will not affect handover date of sold units. 2. Approval of landlord or usufructuary. 3. Providing the following documents, while being approved by the Consulting Office: a. Updated timeline, including all S-curves (according to the template). b. Reasons for change. c. The realism of project start and end dates in the new plan. Developer Role 1. Filling in the application form. | 2. Attaching required documents. Developer Role 1. Filling in the application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Approving change of project plan. 2. Updating Project Register. Key Outputs 1. Approving change of project plan. 2. Updating Project Register. Process Description: Handling Request for Increase or Decrease in the Number of Units in Licensed Project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, elaborating non-objection by the Buyers or Tenants to the increase if this affects their ownership, ( [48] ) in addition to reasons for change and resulting impacts. 2. Providing the following documents, while being approved by the Consulting Office: a. Project Current Status Report. b. Cadastral report for the updated area. c. Updated relative weight table. d. Updated Bill of Quantities. e. Updated timeline. f. An updated statement including a unique number for each unit of the project along with unit counter. | 3. Unit Subdivision Report. ( [49] ) 4. Approval of Chartered Accountant. | 5. Approval of Consulting Office. 6. Approval of landlord or usufructuary. ( [50] ) | 7. Updating project feasibility study. 8. Architectural designs and engineering drawings approved by the competent authorities. | 9. Updating building permits or Etmam Center letter. 10. A letter from the Chartered Accountant confirming that there are no sales on the canceled units accompanied by project current status report. ( [51] ) Requisites 1. Application form, elaborating non-objection by the Buyers or Tenants to the increase if this affects their ownership, ( [48] ) in addition to reasons for change and resulting impacts. 2. Providing the following documents, while being approved by the Consulting Office: a. Project Current Status Report. b. Cadastral report for the updated area. c. Updated relative weight table. d. Updated Bill of Quantities. e. Updated timeline. f. An updated statement including a unique number for each unit of the project along with unit counter. 3. Unit Subdivision Report. ( [49] ) 4. Approval of Chartered Accountant. 5. Approval of Consulting Office. 6. Approval of landlord or usufructuary. ( [50] ) 7. Updating project feasibility study. 8. Architectural designs and engineering drawings approved by the competent authorities. 9. Updating building permits or Etmam Center letter. 10. A letter from the Chartered Accountant confirming that there are no sales on the canceled units accompanied by project current status report. ( [51] ) Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that the project land area has not been affected according to the area specified in project license. REGA Role 1. Ensuring that requisites are met. 2. Ensuring that the project land area has not been affected according to the area specified in project license. Key Outputs 1. Approving Request for Increasing or Decreasing Unit Number. 2. Updating License. 3. Updating Project Register. Key Outputs 1. Approving Request for Increasing or Decreasing Unit Number. 2. Updating License. 3. Updating Project Register. Process Description: Handling Request for Change in Approved Contracts of Buyers or Tenants for the Project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form elaborating clauses to be amended and reasons for amendment, including an undertaking to provide annexes to the contract after their amendment and signing by the Buyers and Tenants. | 2. A copy of amended contract. ( [52] ) 3. A written consent by the Buyers or Tenants of amending their contracts. Requisites 1. Application form elaborating clauses to be amended and reasons for amendment, including an undertaking to provide annexes to the contract after their amendment and signing by the Buyers and Tenants. 2. A copy of amended contract. ( [52] ) 3. A written consent by the Buyers or Tenants of amending their contracts. Developer Role 1. Filling in the application form. | 2. Attaching required documents. Developer Role 1. Filling in the application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that the amended contract does not violate provisions of the Law, Implementing Regulations and standard form contract. REGA Role 1. Ensuring that requisites are met. 2. Ensuring that the amended contract does not violate provisions of the Law, Implementing Regulations and standard form contract. Key Outputs 1. Approving amendment to contracts. 2. Updating Project Register. Key Outputs 1. Approving amendment to contracts. 2. Updating Project Register. Process Description: Handling Request for Change of Approved Agreements of Project Parties (Chartered Accountant / Landlord / Consulting Office / Bank). Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form elaborating amended clauses and reasons for amendment. | 2. A copy of new concluded agreement. Requisites 1. Application form elaborating amended clauses and reasons for amendment. 2. A copy of new concluded agreement. Developer Role 1. Filling in the application form. | 2. Attaching required documents. Developer Role 1. Filling in the application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that the amended contract does not violate provisions of the Law and Implementing Regulations. REGA Role 1. Ensuring that requisites are met. 2. Ensuring that the amended contract does not violate provisions of the Law and Implementing Regulations. Key Outputs 1. Approving amendments to the agreements. 2. Updating Project Register. Key Outputs 1. Approving amendments to the agreements. 2. Updating Project Register. Process Description: Handling Request for Change to Specifications of Licensed Project. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form elaborating amended specifications and reasons for amendment, including an undertaking to provide annexes to the contract after their amendment and signing by the Buyers and Tenants. | 2. A copy of the new contract including the amended specifications.( [53] ) 3. Approval of Buyers or Tenants of amendment to their contracts. | 4. Providing the following documents, while being approved by the Consulting Office: a. A report elaborating the extent to which project construction cost is impacted. b. A statement confirming that the proposed building materials are of equal or higher quality than the previously used materials. Requisites 1. Application form elaborating amended specifications and reasons for amendment, including an undertaking to provide annexes to the contract after their amendment and signing by the Buyers and Tenants. 2. A copy of the new contract including the amended specifications.( [53] ) 3. Approval of Buyers or Tenants of amendment to their contracts. 4. Providing the following documents, while being approved by the Consulting Office: a. A report elaborating the extent to which project construction cost is impacted. b. A statement confirming that the proposed building materials are of equal or higher quality than the previously used materials. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that the new contract does not violate provisions of the Law, Implementing Regulations and standard form contract. REGA Role 1. Ensuring that requisites are met. 2. Ensuring that the new contract does not violate provisions of the Law, Implementing Regulations and standard form contract. Key Outputs 1. Approving change of project specifications. 2. Updating Project Register. Key Outputs 1. Approving change of project specifications. 2. Updating Project Register. Process Description: Handling Request for Notification to REGA to Cancel Sale or Lease Contract by Mutual Consent. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application Form. | 2. Consent of Buyer or Tenant of termination. 3. Deallocation Form. ( [54] ) | 4. Approval of Financer. ( [55] ) 5. Sale or lease contract entered into by and between the parties that is requested to be terminated. Requisites 1. Application Form. 2. Consent of Buyer or Tenant of termination. 3. Deallocation Form. ( [54] ) 4. Approval of Financer. ( [55] ) 5. Sale or lease contract entered into by and between the parties that is requested to be terminated. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Non-objection Request for Termination from the Real Estate Development Fund (REDF). ( [56] ) REGA Role 1. Ensuring that requisites are met. 2. Non-objection Request for Termination from the Real Estate Development Fund (REDF). ( [56] ) Key Outputs 1. Refunding amounts from the escrow account. 2. Updating Project Register. Key Outputs 1. Refunding amounts from the escrow account. 2. Updating Project Register. Process Description: Handling Request for REGA Approval to Terminate Off-Plan Sale or Lease Contract. Procedure: Parties to Relationship 1. Developer / Buyer or Tenant | 2. REGA Parties to Relationship 1. Developer / Buyer or Tenant 2. REGA Requisites 1. Application form elaborating reasons for requesting termination. Requisites 1. Application form elaborating reasons for requesting termination. Developer / Buyer or Tenant Role 1. Submitting application form. | 2. Attaching required documents. Developer / Buyer or Tenant Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Considering request. REGA Role 1. Ensuring that requisites are met. 2. Considering request. Key Outputs 1. REGA approval. 2. Refunding amounts from the escrow account. 3. Updating Project Register. Key Outputs 1. REGA approval. 2. Refunding amounts from the escrow account. 3. Updating Project Register. Process Description: Handling Request for Notification to REGA to Resale or Re-lease Off-Plan Real Estate Unit. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application Form. | 2. The contract made by and between the Developer and former Buyer / Tenant. 3. A letter of consent by the Buyer / Tenant of assigning contract to a third party. | 4. The contract made by and between the Developer and new Buyer / Tenant. Requisites 1. Application Form. 2. The contract made by and between the Developer and former Buyer / Tenant. 3. A letter of consent by the Buyer / Tenant of assigning contract to a third party. 4. The contract made by and between the Developer and new Buyer / Tenant. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Updating Project Register. Key Outputs 1. Updating Project Register. Process Description: Handling Request for Change of Licensed Project Name. Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including undertaking of the following: a. Updating project name in the contracts and agreements. b. Providing annexes to the contract after being signed by the Buyer / Tenant, including the new name. c. Providing annexes to the agreements made with the related parties, including the new name. | 2. Form of sale / lease contract, including project new name. Requisites 1. Application form, including undertaking of the following: a. Updating project name in the contracts and agreements. b. Providing annexes to the contract after being signed by the Buyer / Tenant, including the new name. c. Providing annexes to the agreements made with the related parties, including the new name. 2. Form of sale / lease contract, including project new name. Developer Role 1. Filling in the application form. | 2. Attaching required documents. Developer Role 1. Filling in the application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. | 2. Ensuring that the new contract does not violate provisions of the Law, Implementing Regulations and standard form contract. REGA Role 1. Ensuring that requisites are met. 2. Ensuring that the new contract does not violate provisions of the Law, Implementing Regulations and standard form contract. Key Outputs 1. Approving change of project name. 2. Updating Project License. 3. Updating Project Register. Key Outputs 1. Approving change of project name. 2. Updating Project License. 3. Updating Project Register. Process Description: Handling Request for Update of Developer’s Information (e.g., Commercial Name / National Address) for Licensed Project Procedure: Parties to Relationship 1. Developer | 2. REGA Parties to Relationship 1. Developer 2. REGA Requisites 1. Application form, including undertaking of the following: a. Updating information in the contracts and agreements. b. Providing annexes to the contract after being signed by the Buyer / Tenant, including the updated information. c. Providing annexes to the agreements made with the related parties, including the updated information. | 2. Developer’s previous commercial registration. 3. Developer’s new commercial registration. | 4. Form of sale / lease contract, including new developer name. Requisites 1. Application form, including undertaking of the following: a. Updating information in the contracts and agreements. b. Providing annexes to the contract after being signed by the Buyer / Tenant, including the updated information. c. Providing annexes to the agreements made with the related parties, including the updated information. 2. Developer’s previous commercial registration. 3. Developer’s new commercial registration. 4. Form of sale / lease contract, including new developer name. Developer Role 1. Submitting application form. | 2. Attaching required documents. Developer Role 1. Submitting application form. 2. Attaching required documents. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Updating Developer’s information in Developer Registry. 2. Updating Project License. 3. Updating Project Register. Key Outputs 1. Updating Developer’s information in Developer Registry. 2. Updating Project License. 3. Updating Project Register. Process Description: Handling Request for Addition of an Authorized Signatory (on behalf of Developer, Consulting Office or Chartered Accountant) for Disbursement Document from Escrow Account. Procedure: Parties to Relationship 1. Developer / Consulting Office / Chartered Accountant. | 2. REGA Parties to Relationship 1. Developer / Consulting Office / Chartered Accountant. 2. REGA Requisites 1. Application form, including information of authorized signatory. Requisites 1. Application form, including information of authorized signatory. Developer / Consulting Office / Chartered Accountant Role 1. Submitting application form. Developer / Consulting Office / Chartered Accountant Role 1. Submitting application form. REGA Role 1. Ensuring that requisites are met. REGA Role 1. Ensuring that requisites are met. Key Outputs 1. Addressing Bank to add the authorized signatory for disbursement document, and providing Bank with authorized signatory’s signature. 2. Notifying project related parties ( [57] ) of adding authorized signatory. 3. Updating Project Register. Key Outputs 1. Addressing Bank to add the authorized signatory for disbursement document, and providing Bank with authorized signatory’s signature. 2. Notifying project related parties ( [57] ) of adding authorized signatory. 3. Updating Project Register. Process Description: Handling Request for Removal of Authorized Signatory (Developer, Consulting Office or Chartered Accountant) for Disbursement Document from Escrow Account. Procedure: Parties to Relationship 1. Developer / …(47,301 more chars)