8
In forceApplication for approval of payment system
Part 2Integrity of approved RTGS payment systems
8 Application for approval of payment system
(1)
A person may apply to the Reserve Bank for approval of a payment or settlement system.
(2)
The application must:
(a)
be in the form approved in an instrument under subsection (3); and
(b)
be accompanied by the documents:
(i)
(ii)
required by the Reserve Bank.
(3)
The Reserve Bank may, by notifiable instrument, approve a form for the purposes of paragraph (2)(a).
Regulations
This provision refers to the regulations (specified in the regulations
). Made under this Act:
- Payment Systems and Netting Regulations 2001 · under s 18
3 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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