Payment Services Act 2019 s 45

s 45 Withdrawal of designation of payment system

45.—(1) The Authority may, by order in the Gazette, withdraw the designation of any designated payment system at any time if the Authority is of the opinion that the applicable consideration in section 42(1)(a)(i), (ii) or (iii), (b) or (c) is no longer valid or satisfied. (2) The Authority must not withdraw the designation of any designated payment system without giving the operator and the settlement institution of that designated payment system an opportunity to be heard.

Read this section in the full act → · Open Division 2 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next

Payment Services Act 2019, full textChapter navigation and full text, so you can read this section in contextSingapore legislation Singapore 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 Division 2 — Designation of payment systems — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections