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In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part V · Payment Systems

43. Power of Bank to specify standards for payment systems

(1)

The Bank may specify standards for payment systems—

(a)

for promoting safety, integrity, efficiency or reliability of the designated payment system, the payment system set out in Part 1 of Schedule 1 or the designated Islamic payment instrument including facilitating interoperability, technical specifications and security standards; or

(b)

in the interest of current or prospective participants of the designated payment system or the payment system set out in Part 1 of Schedule 1 or users.

(2)

An operator of a designated payment system, approved operator of a payment system or approved issuer of a designated

Islamic payment instrument shall at all times comply with the standards specified by the Bank under subsection (1) which are applicable to such operator or issuer.

Report

Read on from s 44

Part VI

Prudential Requirements

Read on from Part VI

Part VII

Ownership, Control and Transfer of Business

Read on from Part VII

Part VIII

Financial Groups

Read on from Part VIII

Part VI

Part VI—

Read on from Part VI

Part IX

Business Conduct and Consumer Protection

Read on from Part IX

Part X

Islamic Money Market and Islamic Foreign Exchange Market

Read on from Part X

Part XI

Submission of Document or Information

Read on from Part XI

Part XII

Examination

Read on from Part XII

Part XIII

Directions of Compliance

Read on from Part XIII

Part XIV

Intervention and Remedial Action

Read on from Part XIV

Part XV

Other Powers of Bank

Read on from Part XV

Part XVI

Enforcement and Penalties

Read on from Part XVI

Part XVII

General Provisions

Read on from Part XVII

Part XVIII

Repeal, Savings and Transitional

Read on from Part XVIII

Schedules