Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
Saudi Central Bank’s Regulatory Sandbox is open to:
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Innovators proposing new digital business models or concept: Innovators whose proposed solution involves a digital business model or concept that is not currently covered whether explicitly or implicitly under any existing Saudi Central Bank regulations.
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Innovators proposing non-regulated technology: Innovators whose proposed solution involves technologies, which are currently, not covered under existing Saudi Central Bank regulations.
Saudi Central Bank’s Regulatory Sandbox is not suitable for:
Solutions that add little or no material value to similar solutions already deployed in the Kingdom.
Technologies proposed are not at sufficient stage of maturity.
Testing plans that are not sufficiently developed: Saudi Central Bank’s involvement in the finalization of testing plans is exclusively focused on regulatory matters. Innovators must approach Saudi Central Bank with a clear idea about the objectives of their testing plan and how they intend to achieve those.
In addition, Saudi Central Bank’s Regulatory Sandbox cannot be used to:
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Circumvent legal and regulatory requirements.
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Test technology not intended to be subsequently deployed in the Kingdom.
