SAMA Seeks Public Consultation on Draft Rules Regulating Cash Center Management and Operation
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The Saudi Central Bank (SAMA) has launched the draft Rules Regulating Cash Center Management and Operation for public consultation through the National Competitiveness Center's “Istitlaa" platform.
This initiative is part of SAMA's objectives to maintain monetary stability, support the financial sector stability, enhance trust therein, and support economic growth. This is in line with SAMA's role in supervising and regulating financial institutions, issuing relevant instructions, and managing matters related to cash and other related activities. The draft seeks to regulate cash center management and operational activity by establishing a functional framework that defines the controls and standards for adherence.
In this context, feedback and comments on the draft Rules can be received within 15 days of this announcement for consideration and finalization. To view the draft, please visit the Public Consultation Platform “Istitlaa" of the National Competitiveness Center through this link (link).
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