Payment Systems Act 2003 s 8

This legislation has been repealed. Do not cite it as law in force.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 8

(1) The Bank may, by order published in the Gazette, revoke • the designation of a payment system if the Bank is of the opinion that— (a) the designated payment system no longer poses any systemic risk; or (b) it is no longer in the interest of the public that the system be designated. (2) The Bank shall give the operator a reasonable opportunity to make representations before making a decision to revoke the designation.

Malay text (authoritative)

Kuasa untuk membatalkan penetapan

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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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