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2.3. Statuary Authority

No: 42068309 Date(g): 5/5/2021 | Date(h): 24/9/1442 Status: In-Force

Effective from 2021-05-05 - May 04 2021
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Without prejudice to Saudi Central Bank "SAMA" rights under applicable laws and regulations, these Operating Rules are constituted by SAMA in exercise of the powers stipulated in the Saudi Central Bank Law dated 11.4.1442H (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.