Payment and Settlement Systems (Finality and Netting) Act 2002 s 5

s 5 Application of this Act

5.—(1) This Act applies to all transactions cleared or settled in a designated system, subject to any restrictions that the Authority may by order in the Gazette prescribe.[4/2018] (2) Despite subsection (1), the Authority is exempt from complying with any requirement imposed on a participant, an operator, a settlement institution or a collateral holder of a designated system by section 15A, 15B, 16, 19A or 20A, when the Authority acts in the capacity of a participant, an operator, a settlement institution or a collateral holder of a designated system.[4/2018]