Introduction
On 19/09/1447H (corresponding to 8 March 2026), the Saudi Central Bank issued Circular No. 472047719, introducing a revised Oversight Framework for Payment Systems and Their Operators (the "Framework").
The Framework replaces in full the previous oversight framework issued in 2021 and is promulgated under the Payments and Payment Services Law (Royal Decree No. M/26 dated 22/03/1443H) and its implementing regulations.
While the Framework does not introduce a new regulatory concept, it formalises and intensifies existing supervisory expectations, particularly through structured assessment and disclosure mechanisms aligned with international standards.
Scope of application
The Framework applies to:
