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3.1. Direct Participants Admission

No: 42068309 Date(g): 5/5/2021 | Date(h): 24/9/1442

Effective from 2021-05-05 - May 04 2021
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SAMA may admit Direct Participants as members of the Service if in the opinion of SAMA they meet the qualifying criteria as defined by SAMA from time to time. A Direct Participant in the Service must be: 
 
 Participating in the Saudi Arabian Riyal Interbank Express System (RTGS).
 
 Maintaining a current AFAQ's account in accordance with SAMA's banking conditions.
 
 Complying with legal, supervisory, technical & operational requirements communicated by SAMA.
 
 Signatory to the Agreement of Participation in the Service.