Saudi Arabia’s CITC Hosts 1st RegTech Symposium with Participation of Global Experts

Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
TT

Saudi Arabia’s CITC Hosts 1st RegTech Symposium with Participation of Global Experts

Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance

Saudi Arabia’s Communications and Information Technology Commission (CITC) will host the first Regulatory Technologies (RegTech) symposium on Monday.

The symposium aims to shed light on the role and importance of regulatory technologies in governance, risk, and compliance management. It discusses a multitude of topics that range from the roles played by companies and institutes in regulation and oversight to the promising opportunities for startups and entrepreneurs.

The symposium will comprise lively panel discussions and engaging presentations, which in their entirety will lay the foundation for what RegTech is, examine the most promising opportunities for RegTech in the Kingdom, and sneak a peek into the latest global practices in RegTech. This will take place in the presence of some internationally-acclaimed experts as well as compliance and risk management specialists from various companies and regulatory bodies in the Kingdom.

Within its wide spectrum of topics, the symposium will put emerging and advance technologies under the spotlight for the purposes of emphasizing the role of those technologies in improving regulatory and supervisory performance, contributing to compliance, alleviating regulatory burdens, and increasing operational efficiency.

The event will also survey the most prominent RegTech solutions and emerging companies.



Tesla Recalling Almost 700,000 Vehicles due to Tire Pressure Monitoring System Issue

16 June 2015, Ebringen: The logo of Tesla electric vehicle company is pictured on an S model vehicle. (dpa)
16 June 2015, Ebringen: The logo of Tesla electric vehicle company is pictured on an S model vehicle. (dpa)
TT

Tesla Recalling Almost 700,000 Vehicles due to Tire Pressure Monitoring System Issue

16 June 2015, Ebringen: The logo of Tesla electric vehicle company is pictured on an S model vehicle. (dpa)
16 June 2015, Ebringen: The logo of Tesla electric vehicle company is pictured on an S model vehicle. (dpa)

Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system.

According to a letter Thursday from the National Highway Traffic Safety Administration, the recall includes certain 2024 Cybertruck, 2017-2025 Model 3, and 2020-2025 Model Y vehicles.

The issue is that the tire pressure monitoring system warning light on the vehicles may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure. Driving with improperly inflated tires can increase the risk of a crash.

The Elon Musk-led automaker said it's providing a free software update to fix the problem, The AP reported.

Owner notification letters are expected to be mailed on Feb.15, 2025. Tesla customer service can be reached at 1-877-798-3752 for more information. Individuals may also call the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 or visit their website at www.nhtsa.gov.

Tesla has been dealing with recalls throughout the year. Its Cybertruck is now up to its seventh recall of the year, with one last month that involved around 2,400 vehicles.

Musk’s Tesla delivered the first dozen or so of its futuristic Cybertruck pickups to customers in November 2023, two years behind the original schedule.

In July the automaker recalled more than 1.8 million vehicles because of a hood issue that could increase the risk of a crash. And in February Tesla recalled nearly 2.2 million vehicles in the US because some warning lights on the instrument panel are too small.