Section 9
Annual fees payable by operator of designated payment system
of Payment and Settlement Systems (Oversight) Act
ActIn forceProvision 8 of 61
Section 9
(1)
Every operator of a designated payment system shall pay to the
Authority such annual fees as may be prescribed and in such manner as may be specified by the Authority.
Payment and Settlement Systems
(Oversight)
(2)
The Authority may, where it considers appropriate, refund or remit in whole or in part any annual fee paid or payable under subsection (1).