Section 32
Effect of deregistration
ActIn forceProvision 32 of 70
Section 32
(1)
Where a registered currency processor voluntarily deregisters under section 29 or the Bank deregisters a registered currency processor under subsection 31(3), the registered currency processor shall immediately cease from carrying on currency processing business on the effective date of the deregistration.
(2)
A deregistration shall not affect any right, obligation or liability arising under, any agreement, arrangement or transaction entered into by the registered currency processor with any person prior to the deregistration.