The Operator of Systemically Important Payment System must conduct a self-assessment to test its compliance with the PFMI at least once every year or in the event of a material change to its operating systems or as requested by SAMA.
(2)
The Payment System Operator shall enable SAMA such access to its Payment System and related information and cooperate as SAMA requires to conduct an assessment of the Payment System in accordance with its authority by the Law.
(3)
The Operator of a Systemically Important Payment System must, after obtaining a non-objection letter from SAMA, publicly disclose its responses to a summary of its PFMI self-assessment in-line with the CPMI-IOSCO Disclosure Framework.
(4)
The Operator of a Non-Systemically Important Payment System must conduct a self-assessment to test its compliance with the PFMI on the periodic basis agreed with SAMA under its license authorization or as otherwise determined by SAMA.