Saudi Central Bank will review the Framework periodically to determine the Framework’s effectiveness, including the effectiveness of the Framework to address emerging fraud threats and risks. If applicable, Saudi Central Bank will update the Framework based on the outcome of the review.

If a Member Organisation considers that an update to the Framework is required, the Member Organisation should formally submit the requested update to Saudi Central Bank. Saudi Central Bank will review the requested update, and if applicable, the Framework will be adjusted on the next updated version. The Member Organisation will remain responsible to be compliant with the Framework pending the version update.

Please refer to ‘Appendix C - How to request an Update to the Framework’ for the process of requesting an update to the Framework.

Version control will be implemented for maintaining the Framework. Whenever any changes are made, the preceding version shall be retired and the new version shall be published and communicated to all Member Organisations. For the convenience of the Member Organisations, changes to the Framework shall be clearly indicated.