Service Level Agreement (SLA) between the Financial Services Authority and Beneficiaries

Introduction
This document aims to clarify the Service Level Agreement (SLA) between the Financial Services Authority (FSA) and service beneficiaries, which aims to deliver high-quality services and specific performance standards to ensure transparency, improve user experience, and increase customer satisfaction.
Purpose and Scope
This Service Level Agreement (SLA) defines the expected service levels and responsibilities of the Financial Services Authority (FSA) and its service beneficiaries. This agreement aims to achieve excellence in delivering digital financial services and ensure accountability and transparency.
Services Covered
This agreement covers the services provided by the Financial Services Authority and listed in the service directory at the following link: https://om.gov/
Performance Standards
The Financial Services Authority commits to providing the aforementioned services according to the following standards:

Service Availability: Services must be available during official working hours from 07:30 AM to 14:00 PM, Sunday to Thursday.
Critical Services: Some critical services, such as financial automation for insurance brokers, operate on a 24/7 basis to ensure business continuity.

Official Working Hours: Services are available during official working days, excluding official holidays.
Critical Services: Certain services are available around the clock to ensure operational continuity.

Key Performance Indicators (KPIs)
Performance will be measured based on the following indicators:

Response Time: Initial response to requests within 24 working hours.
Request Completion: Requests are processed within the timeframe specified and approved in the Unified Government Services Portal at https://om.gov/.
Accuracy: Achieving a 99% accuracy rate in issued reports and licenses.
Customer Satisfaction: Maintaining a satisfaction rate of no less than 90%.

Financial Services Authority (FSA): Responsible for delivering services in accordance with the agreement, ensuring performance monitoring, and publishing periodic reports.
Service Beneficiaries: Required to provide accurate data, update it regularly, and comply with required guidelines.

Monthly Reports: The FSA will publish monthly reports detailing performance against the KPIs.
Annual Review: The SLA will be reviewed annually to ensure required performance is met and to implement any necessary updates.

Feedback Mechanism: The FSA encourages beneficiaries to provide feedback on service quality to drive continuous improvement.
Periodic Review: The agreement will be reviewed and updated every six months to ensure it meets customer needs and the Authority's objectives.

Violations: In case of failing to meet performance indicators, an internal investigation will be conducted to identify the root causes and take necessary corrective actions.
Escalation Procedures: Unresolved issues will be escalated to senior management within 48 hours.

Stakeholder Engagement: All stakeholders were involved during the drafting of this agreement to ensure alignment with their requirements.
Training: Staff will be trained periodically to ensure compliance with SLA standards.

Indicator Name: Quality and Efficiency of Operations, Service Provision, and Usage.
Perspective Name: Digital Services Maturity Perspective.
Axis Name: Operational Efficiency.
Compliance with Indicator Requirements:
Commitment by the Authority to deliver high-quality digital services.
Provision of a mechanism to monitor performance and ensure achievement of required levels.
Periodic review and continuous improvement to ensure service alignment with beneficiary expectations.
Head of Digital Transformation Team