Book traversal links for المادة الثانية
Article 2
No: 000044093096 | Date(g): 13/6/2023 | Date(h): 24/11/1444 | Status: In-Force |
The objectives of the Implementing Regulation are:
(1) | Enacting the framework and regulatory requirements of payment service operators and providers in the Kingdom, particularly in determining the relevant licensing, supervision and oversight procedures and requirements. | |
(2) | Ensuring the presence of the necessary mechanisms to manage the risk of Payment Systems and Payment Services, which may affect the payment sector and monetary and financial settlement; and | |
(3) | Contributing to the enhancement of transparency and fair competition with the aim of supporting the effective and efficient functioning of payment systems and monetary and financial settlement. | |
(4) | Incentivizing and developing the payment systems and services sector by SAMA. |