Alqanoni

Article 111

Art. 111
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

Notwithstanding any other powers of SAMA, SAMA may appoint one or more Persons other than its employees to inspect the operation of a Payment System or a service provider related to a Payment System and the provision of all services to such a system by a service provider. The Operator of a Payment System must- In accordance with the written permission granted to the person appointed by SAMA: (a) Grant an inspector access, on request and at any time, to premises on or from which any part of the system is operated or (as the case may be) premises on or from which any part of the services is provided; and (b) Co-operate with an inspector and Provide all the necessary data, information and documents to help perform their functions.

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

Freshness not yet recorded

Checking your watch…

Related articles

No related articles found.

Citing judgments

No judgments citing this article have been indexed yet.

Amendment timeline

No amendment history recorded.