Book traversal links for المادة الثانية
Article 2
No: 000044093096 | Date(g): 13/6/2023 | Date(h): 24/11/1444 | Status: In-Force |
Translated Document
Effective from Jun 13 2023 - Jun 12 2023
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The Regulations are designated for the sake of the following matters:
1. | Establishing the regulatory framework and requirements for payment service operators and providers in the Kingdom, in particular with regard to determining the relevant licensing, supervision and control procedures and requirements. | |
2. | Establishing the necessary mechanisms to manage the risks of payment systems and payment services, which may affect the payments, cash and financial settlement sector. | |
3. | Contributing to enhancing the principle of transparency and fair competition to support the efficiency and effectiveness of payments, cash and financial settlement systems. | |
4. | SAMA stimulates and develops the payment systems and services sector. |