Purpose

The Regulatory Technology (RegTech) is said to be the use of information technology for regulatory monitoring, reporting and compliance. It is used to solve regulatory and compliance issues more effectively and efficiently. Regulators with the digitization of regulation and datafication of processes would get empowered to manage volumes of data. RegTech would assist them in understanding innovative products, transactions, risks, reporting and any market manipulation activities in real time. For successful use of RegTech, the regulatory framework of a country should be comprehensive to address issues that may arise in the use of RegTech. Thus, the purpose of this article is to analyze the adequacy of the Saudi Arabian legal framework to address RegTech adoption.

Design/methodology/approach

The researcher using logical analysis method analyzed the available laws and interpreted the law to see the applicability and the adequacy of laws to regulate the use of RegTech in Saudi Arabia. The content analysis was also used in this research to analyze the literature. This analysis helped to explain the available literature on the research topic and its relevancy and the gap in literature.

Findings

The analysis using the logical and content methodologies shows that Saudi Arabia has general law to address some of the issues that might arise in the adoption of RegTech. Nonetheless, amending some of the existing laws or introducing guidelines could help better uplift of RegTech and similar technologies in Saudi Arabia.

Originality/value

As businesses and regulatory authorities embrace technology for better and efficient delivery of services and products in Saudi Arabia, the research is timely to analyze the adequacy of the laws in Saudi Arabia for adoption of RegTech. In the use of RegTech, issues related to privacy, due diligence, accountability and transparency could arise, however, there is a dearth of literature in these areas relating to technology adoption.

中文翻译：

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沙特阿拉伯的监管技术 (RegTech) 法律：是否足够？

目的

监管技术（RegTech）据说是利用信息技术进行监管监控、报告和合规。它用于更有效地解决监管和合规问题。通过监管数字化和流程数据化，监管机构将有权管理大量数据。监管科技将帮助他们实时了解创新产品、交易、风险、报告和任何市场操纵活动。为了成功利用监管科技，一个国家的监管框架应该全面，以解决使用监管科技时可能出现的问题。因此，本文的目的是分析沙特阿拉伯法律框架是否足以解决监管科技的采用问题。

设计/方法论/途径

研究人员采用逻辑分析方法对现有法律进行分析并对法律进行解释，以了解法律在沙特阿拉伯规范监管科技使用的适用性和充分性。本研究还采用内容分析法对文献进行分析。该分析有助于解释有关该研究主题的现有文献及其相关性以及文献中的空白。

发现

使用逻辑和内容方法的分析表明，沙特阿拉伯拥有一般法律来解决采用监管科技时可能出现的一些问题。尽管如此，修改一些现有法律或引入指导方针可能有助于更好地提升沙特阿拉伯的监管科技和类似技术。

原创性/价值

随着企业和监管机构采用技术来更好、更高效地在沙特阿拉伯提供服务和产品，这项研究及时分析了沙特阿拉伯采用监管科技的法律是否充分。在使用监管科技时，可能会出现与隐私、尽职调查、问责制和透明度相关的问题，然而，这些领域与技术采用相关的文献却很少。