SAMA is the sole competent authority for Payment Systems (PS) and Trade Repository (TR) and carries out its regulatory, supervisory and oversight responsibilities in accordance with its powers pursuant to:
Key rules, regulations, and circulars issued by SAMA in the PS area include:
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Circular on Regulatory Rules, Procedures, Instructions for Payment Systems in the Kingdom of Saudi Arabia Decision No. 361000028764 issued by H.E. Governor dated 11/6/1436H.
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The Policy Statement issued in August 2013, which formalized the implementation of Principles for FMIs.
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Regulatory Rules for the Prepaid Payment Service in the Kingdom of Saudi Arabia, March 2012
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Council of Minister's Resolution No.226 (dated 02/05/1440H), SAMA's role as supervisory authority for the operation and regulation of payment systems and services has been confirmed.
