Payment Systems Act 2003 s 14

This legislation has been repealed. Do not cite it as law in force.

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 14

An operator of a designated payment system shall establish the following operational arrangements: (a) rules and procedures setting out the rights and liabilities of the operator and the participant and the financial risk. he participant may incur: (b) procedures, controls and measures for the management of credit, liquidity and settlement risk, including rules determining the time when a payment instruction and a settlement is final; (c) criteria for participation in the designated payment system; (d) measures to ensure the safety, security and operational reliability of the designated payment system including contingency arrangements. Changes to designated payment systems

Malay text (authoritative)

Perkiraan pengendalian

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Find Act 627 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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Payment Systems Act 2003, full textChapter navigation and full text, so you can read this section in contextMalaysia legislation Malaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Chapter 2 — Requirements for Operation of Designated Payment Systems — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections