39. Designation and revocation of designation of payment systems

Where the Bank is of the opinion that a disruption in the operations of the payment system could affect public confidence in the overall payment systems of Malaysia or impact the monetary or financial stability of Malaysia—

In the case of an operator of a payment system who is subject to the supervision or oversight of another supervisory authority in

If the circumstances in subsection (1) no longer apply, the designation of a payment system may be revoked—

The Bank and the supervisory authority shall regularly review the status of the payment system designated under paragraph (1)(a), to determine whether the circumstances under subsection (1), no longer applies for purposes of making the joint recommendation under paragraph (3)(a).