Analyzing Penalties and Enforcement Trends Under Central Bank Stored Value Facilities Regulation (SVF, 2020) in the UAE
Introduction to Stored Value Facilities Regulation The Central Bank of the UAE introduced the Stored Value Facilities (SVF) regulation in 2020 to provide a comprehensive framework governing the issuance and management of stored value instruments. The primary objective of this regulation is to enhance the integrity, safety, and effectiveness of payment systems within the financial … Read more