Islamic Financial Services Act 2013 · s 46

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s 46Power of Bank to inspect

The Bank may, in considering whether—

(a)

to designate or recommend to the Minister to designate a payment system under section 39;

(b)

to designate an Islamic payment instrument under section 41; or

(c)

to recommend to the Minister to include an operation of a payment system into Part 1 of Schedule 1 under section 275, inspect the premises, apparatus, equipment, machinery, documents and transactions relating to the payment system or Islamic payment instrument, upon giving a written notice to the operator or issuer.

Finality of payment and netting arrangement