Clause 18
Power to make regulations
of Payment and Settlement Systems (Finality and Netting) Bill
BillNot in forceProvision 18 of 22
Clause 18
(1)
The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing anything that may be required or authorised to be prescribed by this Act.
(2)
Without prejudice to the generality of subsection (1), the Authority may make regulations for the following purposes:
(a)
ensuring the integrity of and the fair and orderly conduct of designated systems; and
(b)
disclosure and provision to the Authority of such information as may be prescribed by the Authority.