Book traversal links for المادة الثانية والعشرون
Article 22
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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1. | The licensee may submit an application to SAMA to revoke the license, in the manner to be determined by SAMA, taking into account the impact on the safety of the sector and financial stability in the Kingdom. | |||
2. | The applicant for license revocation shall provide SAMA with the following: | |||
A. | Reasons for the application for license cancellation. | |||
B. | The consequences of its cessation of providing the relevant payment services or operating the payment system. | |||
C. | The expected date on which the relevant payment services or operating the payment system will be ceased. | |||
D. | Proof of its fulfillment or ability to fulfill all obligations with respect to its clients. |