Direction 2018 status not recorded

Financial Technology Experimental Permit Instructions

Issued by Capital Market Authority

Summary

CMA Board Resolution No. 1-4-2018 dated 23/4/1439H (10/01/2018), updated by Resolution No. 2-9-2021 dated 25/12/1442H (04/08/2021). A controlled testing environment for fintech products and services connected to securities activities, open to any person. The experiment period cannot exceed two years, the CMA must approve before business starts, and participants must meet AML/CFT obligations.

Topics: Payments & Fintech / Digital Assets

Who it applies to

Capital Markets · Payments & Fintech

Official source

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