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2.3 Statuary Authority

No: 43038107 Date(g): 2/12/2021 | Date(h): 27/4/1443

Effective from Dec 12 2021 - Dec 11 2021
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Without prejudice to Saudi Central Bank "SAMA" rights under applicable laws and regulations, this Charging Policy is constituted by SAMA in exercise of the powers stipulated in the Saudi Central Bank Law dated ١١/٤/١٤٤٢H (26.11.2020); Designating SAMA as the competent authority to Establish, Develop & Operate national infrastructures for Payment, Clearing & Settlement systems; Issue rules, guidelines, and licenses; Control and Oversee Payment, Clearing & Settlement systems within its sphere of competence.