framework

Regulatory Sandbox Framework

Issuing bodySAMA
CountrySaudi Arabia
RegionNational
FinTechRegulatory SandboxInnovationFinancial Services

This Saudi Central Bank (SAMA) framework establishes a Regulatory Sandbox to foster financial technology (FinTech) innovation in line with the Kingdom's Vision 2030. It provides a 'safe space' for firms to test new digital solutions under specific conditions and limitations, allowing them to assess the impact of new technologies in the KSA’s financial services market.

Key requirements
  • Firms must apply to SAMA to participate in the Regulatory Sandbox.
  • Firms must adhere to customer safeguards deployed within the Sandbox.
  • Firms must undergo testing of their solutions within a controlled environment for a specified period.
  • Firms must exit the Sandbox according to SAMA's guidelines.
Applies to: Local and international financial services firms wishing to test new digital solutions in Saudi Arabia.
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