Skip to main content

Article (125) Retail Payment Operations & Related Electronic Services

Fed Law 14/2018 Issued on 1/10/2018

The Central Bank shall solely:

1) Have the authority to issue regulations, rules, and procedures relating to electronic banking operations, digital money, Stored Value Facilities, and shall regulate Retail Payment Systems and related electronic banking and financial services.

2) Take all measures and procedures it deems appropriate to reduce the risks to the State’s financial and economic systems associated with operations and systems referred to in item (1) of this article.