Saudi Arabia: Adopted Regulatory Sandbox for Financial Institutions and Fintechs
Description
Adopted Regulatory Sandbox for Financial Institutions and Fintechs
On 11 February 2019, the Saudi Monetary Authority (SAMA) announced the Regulatory Sandbox Framework. It is a tool that was developed as part of Vision 2030. Vision 2030 is an all-encompassing blueprint that covers many development goals for Saudi Ar…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
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2019-02-11
adopted
2022-08-31
adopted