Singapore legislation

Section 3

of Payment Systems (Oversight) Act

Section 3

Application of Act

(1)

Parts III and IV shall not apply to the Authority in its capacity as —

(a)

a participant;

(b)

an operator; or

(c)

a settlement institution,of any payment system.

(2)

Part VII shall not apply to any statutory corporation unless the Minister prescribes by order in the Gazette that that statutory corporation is a statutory corporation to which Part VII applies.

Read in full context — Payment Systems (Oversight) Act →