In-principle approval requires statutory and stipulated conditions, and does not itself confer entitlement to payment-system authorisation. In-principle approval for payment-system authorisation may be granted after consideration of an application and may be made subject to applicable ... Summary
International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024
In-principle approval requires statutory and stipulated conditions, and does not itself confer entitlement to payment-system authorisation.
In-principle approval for payment-system authorisation may be granted after consideration of an application and may be made subject to applicable statutory conditions and further conditions stipulated by the Authority. It is a conditional preliminary step and does not automatically confer entitlement to authorisation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.