Article 48
Art. 48Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
(1) A Licensed Bank that provides Relevant Payment Services is exempted from the requirement to apply for a License under the Implementing Regulation. (2) SAMA shall specify the provisions of the Implementing Regulation that a licensed bank must comply with when providing Relevant Payment Services, in accordance with its nature and in a manner that achieves the objectives of the Law and the Implementing Regulations.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded