Alqanoni

Article 109

Art. 109
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

(1) SAMA may require the Operator of a Payment System to establish rules for the operation of the system, including the operation of services that form part of the Payment System Operation arrangements and provided by a service provider related to the Payment System, or request any amendment or change on the rules. (2) A Payment System Operator must notify SAMA of any proposed amendment or change to its rules and not change the rules without the approval of SAMA.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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