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Amendment of Act 51 of 2007-Designated authority.

Clause 148 - AMENDMENTS TO THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 - Bill - Clause 148 - Amendment of Act 51 of 2007. 148. In the Payment and Settlement Systems Act, 2007 (51 of 2007) (hereafter in this Part referred to as the principal Act), for Chapter II, the following Chapter shall be substituted, namely:- CHAPTER II DESIGNATED AUTHORITY Designated authority. 3. (1) The Reserve Bank shall be the designated authority for the regulation and supervision of payment systems under this Act. ( .....

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