Effective from Jun 13 2023 - Jun 12 2023 To view other versions open the versions tab on the right
(1)
The Operator of a Systemically Important Payment System shall ensure that adequate financial resources of its business, including its own capital soundness, are assessed and maintained in respect of the Payment System.
(2)
The Operator of a Non-Systemically Important Payment System shall ensure that adequate financial resources of its business, including its own capital soundness, are assessed and maintained as relevant to its business and in a way that is proportionate to its business.
(3)
The financial resources to do business maintained in respect of a Non-Systemically Important Payment System shall equal as a minimum the higher of six months’ operating costs arising in connection with the Payment System and ten million SAR in paid-up equity.
