Oman Decision No. 1/2019 On the Issuance of the Implementing Regulation of the National Payment Systems Law

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Based on the Banking Law promulgated by Oman Sultani Decree No. 114/2000,

The National Payment Systems Law promulgated by Oman Sultani Decree No. 8/2018,

The Decision of the Board of Governors of the Central Bank of Oman No. MM/2999/183/12/18/5, dated 17/12/2018,

And based on the public interest requirements,

It has been decided:

Article 1

The provisions of the Implementing Regulation of the National Payment Systems Law enclosed herewith shall be put into effect.

Article 2

The Executive President of the Central Bank of Oman shall issue the forms and instructions necessary for the implementation of the provisions of the attached Regulation.

Article 3

Any provision that is inconsistent with or contrary to the provisions of the attached Regulation shall be abrogated.

Article 4

The present Decision shall be published in the Official Gazette and shall come into effect on the next day following the date of its publication.

Issued on 19 Dhi Al Qi'dah 1440 H

Corresponding to 22 July 2019

Sultan bin Salim Bin Said Al Habsi