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The purpose of this document is to define and describe the payment and financial settlement oversight framework under which SAMA will carry out its oversight responsibility to:
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Support SAMA’s financial stability responsibility in the Kingdom of Saudi Arabia (KSA).
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Ensure the safety and efficiency of the Infrastructures in scope with a view of controlling the main types of risks that can arise, with a particular focus on the systemic risk implications.
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Comply with the Principles for Financial Market Infrastructure (PFMI) issued by the CPMI-IOSCO in April 2012.
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Align with SAMA strategy to “fulfil national and international commitments and obligations.
