SAMA may require the Operator of a Payment System to appoint an expert to report on the operation of the system and impose requirements about the experiences and specialization of the expert to be appointed, the content of the report, treatment of the report (including disclosure and publication) and timing. In the following cases:
| (a) | The Operator is not taking –as required- sufficient account of guidance, standards and principles set out in the PFMIs; or
|
| (b) | A report is necessary for any other reason to assist SAMA in the performance of its functions under the Law and the Implementing Regulation relating to Payment Systems. |
