section 21
Duties of a system provider.
The Payment and Settlement Systems Act, 2007Finance200741 sections8 chapters
Chapter V RIGHTS AND DUTIES OF A SYSTEM PROVIDER
Statutory text
- (1) Every system provider shall disclose to the existing or potential system participants, the terms and conditions including the charges and the limitations of liability under the payment system, supply them with copies of the rules and regulations governing the operation of the payment system, netting arrangements and other relevant documents.
- (2) It shall be the duty of every system provider to maintain the standards determined under this Act.
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