Outcome 2
Your application is deemed unsuitable for the Regulatory Sandbox. Some examples of why your application would not be suitable could be one or a combination of the following:
- Regulations have been issued for your business model/concept and you should apply directly for a License not for Regulatory Sandbox permissions.
- Your business model/concept does not fall under the regulatory perimeter of SAMA, but may fall under a different regulatory authority.
- Your business model/concept does not require regulatory oversight.
The reasons will be communicated to you at the time you are notified.