Singapore legislation

Regulation 7

of Payment Services (Singapore Dollar Cheque Clearing System and Inter-bank GIRO System) Regulations 2019

Regulation 7

Re‑admission of suspended participant

The Authority may re‑admit a participant suspended under regulation 6(1), if the participant takes all the steps that the Authority considers necessary to ensure that it fulfils its payment obligations arising out of the clearing that resulted in the suspension.

Read in full context — Payment Services (Singapore Dollar Cheque Clearing System and Inter-bank GIRO System) Regulations 2019 →