Section 121 — Interpretation of this Part

In this Part, unless the context otherwise requires —“approved bank” and “approved holder” have the meanings given by section 2(1) of the PSOA;

“MCRBA” means the Money‑changing and Remittance Businesses Act (Cap. 187, 2008 Revised Edition) as in force immediately before 28 January 2020;

“money‑changer’s licence” has the meaning given by section 2(1) of the MCRBA;

“PSOA” means the Payment Systems (Oversight) Act (Cap. 222A, 2007 Revised Edition) as in force immediately before 28 January 2020;

“remittance licence” has the meaning given by section 2(1) of the MCRBA;

“stored value facility” has the meaning given by section 2(1) of the PSOA.