Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
Effective from Jun 13 2023 - Jun 12 2023 To view other versions open the versions tab on the right
(1)
A Payment Service User may terminate a Framework Contract at any time unless the parties have agreed on a notice period for termination. Such notice period must not exceed thirty calendar days.
(2)
A Payment Service Provider cannot amend the terms of a Framework Contract, including fees and charges, unless the requirements for amending the terms are specified in the Framework Contract.
(3)
A Payment Service Provider may change fees that are linked to floating rates, such as exchange rates, without notice to the Payment Service User, provided that this is stipulated in the Framework Contract and based on a reference rate agreed upon and available to the Payment Service User.
(4)
A Payment Service Provider must notify its Payment Service Users of any changes to the terms of a Framework Contract at least thirty days before making such changes and give Payment Service Users the right to terminate the Framework Contract during this notice period at no cost unless a termination fee is agreed upon in the Framework Contract.
