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Article 123

No: 000044093096 Date(g): 13/6/2023 | Date(h): 24/11/1444 Status: In-Force

Effective from Jun 13 2023 - Jun 12 2023
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 (1)

SAMA may require a report on any matter about which SAMA has required or could require the giving of specified information, or production of specified documents, as SAMA deems necessary and desirable to meet the objectives of the Law, from any of the following:

(a)A Payment Service Provider;
 
(b) A Payment Systems Operator;
 
(c)Member of Senior Positions, employee, Agent, or external auditor of the payment service provider or the payment system operator; or
 
(d) A controller.
 
 (2)The Person appointed to make a report, as required by the above Paragraph, must be a Person either nominated or approved by SAMA and must, in SAMA’s views, have the skills necessary to make a report on the matter concerned.