Section 3
Designation of system
of Payment and Settlement Systems (Finality and Netting) Act
ActIn forceProvision 3 of 18
Section 3
(1)
The Authority may, by order published in the Gazette, designate a system to be a designated system for the purposes of this Act, subject to such conditions as may be prescribed.
(2)
Any order made under subsection (1) shall specify the operator of the designated system.