Part 12: Final Provisions
Article 131
The Implementing Regulation shall eliminate and supersede the Payment Service Provider Regulations issued by SAMA dated 5/6/1441H, corresponding to 30/1/2020G.
Article 132
(1) A Payment Service Provider licensed under the Payment Service Provider Regulations shall be deemed to be licensed under and subject to the Implementing Regulation from its effective date.
(2) A Payment Service Provider or Payment System Operator must provide a plan for undertaking corrective procedures to comply with the provisions of the Law and the Implementing Regulation within a maximum of six months from the effective date on which the Implementing Regulation come into effect.
Article 133
The Implementing Regulation shall come into force from the date of issuance.