Regulatory definitions for payment and settlement systems adopt statutory meanings where the regulations do not define terms. Regulation 3 defines key expressions for the payment and settlement systems regime, including the governing Act, Authorisation Certificate, Authority, ... Summary
International Financial Services Centres Authority Act, 2019
Regulatory definitions for payment and settlement systems adopt statutory meanings where the regulations do not define terms.
Regulation 3 defines key expressions for the payment and settlement systems regime, including the governing Act, Authorisation Certificate, Authority, Board, and International Financial Service Centre. Undefined words and expressions carry the meanings assigned under relevant payment and settlement, central banking, banking regulation, and international financial services legislation, including applicable rules, regulations, statutory modifications, and re-enactments.
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