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.
If the Payment Service Provider discovers or is made aware of a systemic error in the execution of Payment Transactions, it must investigate and refund all Payment Service Users who are affected by that systemic error within thirty calendar days of discovering the systemic error or being aware of it.
(2)
The Payment Service Provider should, as soon as practicable, communicate with and notify SAMA about the systemic error through the appropriate channels.
(3)
The Payment Service Provider should, as soon as practicable, issue a communication to all affected Payment Service Users, advising them of the systemic error and the steps taken to correct it, including the amount of any refund to the Payment Service Users’ accounts.
(4)
If the Payment Service Provider fails to correct the systemic error within the period prescribed in Paragraph (1) of this Article, it must notify SAMA of the reason for that delay.