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.
Before creating a payment services order, the payment creation service provider shall provide the payer with clear and comprehensive information in the agreed upon language, which shall include, as a minimum, the following details:
A.
Name of the payment creation service provider.
B.
The headquarters of the payment creation service provider.
C.
The address of the agent’s main headquarters or the branches through which the payment creation service provider provides services in the Kingdom - as the case may be.
D.
Contact information for contacting the payment creation service provider, including email address.
E.
Contact information of SAMA.
2.
Immediately after creating a payment services order, the payment creation service provider shall provide to the payer and to the payee - as applicable - the following:
A.
Confirmation that the payment services order has been fully created with the payer's payments account service provider.
B.
A reference that enables the payer and payee to identify the payment transactions and enables the payee to identify the payer and any information transferred with the payment services order.
C.
The amount of the payment transaction.
D.
The amount and details of the costs due to the payment creation service provider, if any.
E.
Provide the payer's payments account service provider with a payment transaction reference.
