Payment Systems Act 2003 s 3

This legislation has been repealed. Do not cite it as law in force.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 3

(1) Where an operator issues a designated payment instrument, such operator shall also comply with the requirements of Part III. (2) Where an issuer operates a payment system, such issuer shall also comply with the requirements of Part II. (3) This Act shall apply to a person outside Malaysia who is an operator of a payment system if such payment system accepts payment or settlement instructions from participants in Malaysia unless otherwise prescribed by the Bank. Functions of the Bank

Malay text (authoritative)

Pemakaian

Read this section in the full act → · Open Part I →

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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