2023-12-17

Circular Re. Rules for Regulating Buy-Now-Pay-Later (BNPL) Companies

The Saudi Central Bank has issued a circular approving the regulatory rules for Buy-Now-Pay-Later (BNPL) companies under its Financing Companies Control System. The decision, based on Royal Decree No. 51/M, formally establishes the operational framework and exemption principles for BNPL providers exercising financing activities. It mandates compliance with the newly adopted guidelines to ensure standardized consumer financing practices across the sector.

Saudi Central Bank logo

Saudi Arabia

Saudi Central Bank

Click to view thumbnail

Circular

Gentlemen
Peace, mercy, and blessings of God be upon you,

Subject: Approval of the rules for regulating Buy-Now-Pay-Later (BNPL) companies.

Based on the authorities granted to the Saudi Central Bank under the Financing Companies Control System.

The financing issued by Royal Decree No. (51/M) dated 19/03/1443.

We inform you of the issuance of our decision No. 145/M dated 13/02/1445 H.

Which includes the approval of the rules for regulating Buy-Now-Pay-Later (BNPL) companies.

We also wish to inform you that it is a report of exemption for BNPL and financing companies when exercising the buy-now-pay-later activity under the principles of financing for individuals, and of its nature. And of its nature. And of its nature. And thereof, and of its nature.

And in presentation to them, and of its nature. And of its nature. And of its principles.

And in presentation to them, and of its nature. And of its nature (BNPL) for them, and of its nature. And of its nature.

And in presentation to him, and of its nature. And of its nature.

And in presentation to them, and of its nature. And of its nature.

And in presentation to them, and of its nature. Without

And in presentation to them, and of its nature. And of its nature.

And in presentation to him, and of its nature. Of its nature. And of its principles.

And in presentation to its nature, and of its nature And in presentation to them, and of its nature And in presentation to them, and the document continues with similar content.

And in presentation to them And in presentation (BNPL) to them.

And in presentation to them, and of its nature.

And in presentation to them And in presentation to them 3

And in presentation to them, and of its nature.

And in presentation to them, and of its nature, and the document continues with similar content.

And in presentation to them, and of its nature.

And in presentation to them And in presentation to them, and of its principles.

And in presentation to them, and of its nature.

And in presentation to them, and of its principles And in presentation to them, and of its nature.

And in presentation to them, and of its principles And in presentation to them, and of its nature.

And in presentation to them, and of | 14 |

And in presentation to them, and of its nature.

And in presentation to them, and of its nature.

And in presentation to them, and of its principles And in presentation to the answer, and of its nature.

And in presentation to them, and of its principles for the system And in presentation to him -the answer, and of its nature And in presentation to them, and of its principles And in presentation -the answer (BNPL) to them And in presentation to them, and of its nature.

And in presentation to them, it is recorded And this text was prepared by AI, and of its nature.

And in presentation to them, and of its nature.

And in presentation to them, and of its nature And in presentation to them, and of its nature.

And in presentation to them, and of its # Circular

Gentlemen
Peace, mercy, and blessings of God be upon you,

Subject: Approval of the rules for regulating Buy-Now-Pay-Later (BNPL) companies.

Based on the authorities granted to the Saudi Central Bank under the Financing Companies Control System financing, and the document continues with similar content.

And in presentation to them, and of its nature.

And in presentation to them, and the document continues with similar P.

And in presentation to them, and of its nature.

And in presentation to them, and the document continues with similar content.

And in presentation to them, and of its principles and And in presentation to them, and of its nature And in presentation to them 3

And in presentation to the answer And in presentation to them, and of its nature And in presentation to them 3

And in presentation to the nature And this text was prepared by AI, and of its nature

And in presentation to them, and of its nature And

And in presentation to them and And

And this text was prepared by the principles of extension, and the document continues with similar content.

And in presentation to them, and of its nature And

And this text was created by AI, and the nature And

And this text was created from the answer, and of its principles And

This text was created And

And this text was created The form And

This text was prepared by AI, and the document continues with similar content.

And in presentation to them, and of its nature And

This text was prepared from (BNPL "nature and And

This text was prepared by AI, and the document continues with similar content.

And this text was created And

This text was prepared from (BNPL) to them, and the document

And this text was created from (the answer) to them, and of its nature

This text was prepared by AI, and the document continues with similar content.

And this text was created And

This text was prepared from (BNPL) to them, and of its nature

This text was prepared by AI, and the document continues with similar content.

And this text was created from (BNPL) to them, and of its nature

And this text was created from (BNPL) to them, and the document continues with similar content.

And this text was created from (BNPL) to them, and of its nature

This text was prepared by AI, and the document continues with similar content.

And this text was issued from (BNPL) to them, and of its nature

And this text was created from (BNPL) to them,