SAMA Open Banking Framework

Implementing Regulation of Finance Companies Control Law

This document is the Implementing Regulation of the Finance Companies Control Law in Saudi Arabia, issued by SAMA. It defines key terms related to finance activities, outlines SAMA's role in organizing and supervising the finance sector, and sets forth general provisions for finance companies operating within the Kingdom. The regulation aims to provide clarity and structure to the finance industry.

Implementing Regulation of Law of Payments and Payment Services

This document is the Implementing Regulation of the Law of Payments and Payment Services issued by the Saudi Central Bank (SAMA). It outlines the rules and guidelines for payment services within Saudi Arabia, covering licensing, agent obligations, consumer protection, payment systems, and dispute resolution. The regulation aims to ensure the stability and security of payment services while promoting financial inclusion.

Open Banking Policy

This Open Banking Policy from the Saudi Central Bank (SAMA) outlines the initiative to develop open banking services in Saudi Arabia, aligning with Saudi Vision 2030 and the Financial Sector Development Program. It aims to foster innovation, enable secure data sharing with third parties, and enhance financial services for customers through collaboration between banks, fintechs, and other financial players.

Payment Services Provider Regulations

This document outlines the Payment Services Provider Regulations issued by the Saudi Arabian Monetary Authority (SAMA). It establishes the licensing requirements and operational guidelines for payment service providers operating within Saudi Arabia. The regulations cover various aspects, including licensing procedures for different types of providers and the scope of permissible payment services.

Regulatory Sandbox Framework

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.

SAMA Cyber Security Framework

The SAMA Cyber Security Framework provides guidance and controls for regulated entities in Saudi Arabia to establish robust cyber security governance, infrastructure, and detective/preventive controls. It aims to ensure that the Saudi Arabian Banking, Insurance, and Financing Companies sectors can effectively manage and withstand cyber security threats through a common approach and maturity assessment.