4.2 Late Return of Payments
| No: 43038107 | Date(g): 2/12/2021 | Date(h): 27/4/1443 | Status: In-Force |
The Operating Rules specify latest times governing the return of payments by a Receiving Participant. If the payment is returned after the specified time, a penalty fee of SAR 100.00 will be charged for the late return of payment.
SAMA may levy an additional charge based on the amount of the payment returned.
Any Participant that receives a Return Payment later than that set out in the operating Rules shall forward the details to SAMA.