Without prejudice to the provisions of the foregoing, the Reserve Bank may, if it is satisfied that for the purpose of enabling it to regulate the payment systems or in the interest of management or operation of any of the payment systems or in public interest, it is necessary so to do, lay down policies relating to the regulation of payment systems including electronic, non-electronic, domestic and international payment systems affecting domestic transactions and give such directions in writing as it may consider necessary to system providers or the system participants or any other person either generally or to any such agency and in particular, pertaining to the conduct of business relating to payment systems.
Section 18: Power of Reserve Bank to give directions generally.
The Payment and Settlement Systems Act, 2007Central Act · Act 51 of 2007
Where this provision sits
| Act | The Payment and Settlement Systems Act, 2007 |
|---|---|
| Section | 18 |
| Marginal note | Power of Reserve Bank to give directions generally. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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