Article 19 of the Saudi Payments and Payment Services Law
المادة 19 من نظام المدفوعات وخدماتها
Provides that the Payments and Payment Services Law repeals every provision that conflicts with it.
Official text (Arabic)
This article has not been amended since the law was issued.
يلغي النظام كل ما يتعارض معه من أحكام.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 19 explained in plain English
This is the article on repealing conflicting provisions. It means that any provision that conflicts with the Payments and Payment Services Law is repealed on issuance of this Law, so priority goes to the Law's provisions in the matters it addresses.
It is important to understand the limits of the article:
- The repeal affects only what conflicts with the Law, not every earlier provision relating to payments.
- The article does not name a particular law or decision that was repealed, so determining whether a given provision conflicts with the Law is a matter requiring a comparison of the two texts.
This article follows Article 18, which provides that the regulations are issued by decision of the Board of Directors of the Central Bank, and precedes Article 20, which provides for publishing the Law in the Official Gazette and its taking effect 180 days after the date of publication.
Anyone dealing with an earlier text and doubting whether it conflicts with the Payments and Payment Services Law would do well to consult a lawyer specializing in banking and finance and payment systems.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 19 of the Saudi Payments and Payment Services Law
Does the Payments and Payment Services Law repeal earlier laws?
The Law repeals every provision that conflicts with it, and does not name a particular text; under the text, whatever does not conflict with it is not covered by the repeal.
What is the ruling if an earlier text conflicts with the Payments Law?
The conflicting provision is considered repealed under the article.
More articles on Definitions and Objectives of the Payments Law
- Article 1
Defines the key terms of the Payments and Payment Services Law, such as payment systems and services, payment order, member, customer, consumer, collateral and settlement finality.
يقصد بالكلمات والمصطلحات الآتية -أينما وردت في هذا النظام- المعاني الموضحة أمام كل منها، ما لم يقتضِ السياق غير ذلك: النظام: نظام المدفوعات وخدماتها. البنك المر
- Article 2
Sets three aims of the Law: the soundness of the payments infrastructure, protecting the rights of those who deal with it, and encouraging innovation and competition in this field.
يهدف النظام إلى ما يلي: 1- تعزيز سلامة وكفاية البُنى التحتية لنظم المدفوعات وخدماتها في المملكة. 2- تعزيز حماية حقوق الأطراف المتعاملة مع نظم المدفوعات وخدماتها
- Article 3
Sets the scope of the Law: payment systems and their operators, and payment services and their providers.
يسري النظام على نُظم المدفوعات ومشغليها، وخدمات المدفوعات ومقدميها.
- Article 5
Authorizes the Central Bank to set the cases and criteria in which a person residing outside the Kingdom is treated as operating payment systems or providing their services inside it.
يحدد البنك المركزي الحالات والمعايير التي يُعدّ بناء عليها الشخص المقيم خارج المملكة في حكم المشغل لنظم المدفوعات أو المقدم لخدمات المدفوعات داخل المملكة، لغرض
- Article 18
Provides that the regulations of the Payments and Payment Services Law are issued by decision of the Board of Directors of the Central Bank.
تصدر اللوائح بقرار من المجلس.
- Article 20
Provides for publishing the Law in the Official Gazette and its taking effect 180 days after the date of publication.
ينشر النظام في الجريدة الرسمية ويعمل به بعد (مائة وثمانين) يوماً من تاريخ نشره.
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.