SAMA Seeks Public Consultation on the Draft Update to the “Oversight Framework for Payment Systems and Their Operators”

البنك المركزي السعودي يطرح تحديث "الإطار الإشرافي على نظم المدفوعات ومُشغليها" لطلب مرئيات العموم

The Saudi Central Bank (SAMA) has launched a public consultation on a draft update to the Oversight Framework for Payment Systems and Their Operators, open for feedback over 15 days via the National Competitiveness Center's 'Istitlaa' platform. The update defines the framework's scope and links it to the Payments and Payment Services Law issued under Royal Decree No. (M/26) dated 11/01/1443H and its implementing regulations. It also clarifies the supervisory methodology—including oversight tools, self-assessment, and supervisory assessment—and sets out the obligations of payment systems and their operators in alignment with international standards such as the Principles for Financial Market Infrastructures (PFMIs).

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