Payment and Settlement Systems (Oversight) Act · s 5

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s 5Authority to have regard to public interest

In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public, and in this respect, the Authority may take into consideration —

(a)

whether any payment system is, in the opinion of the

Authority —

(i)

financially safe for use by participants;

(ii)

efficient; and

(iii)

not materially causing or contributing to increased risk to the financial system; and

(b)

such other matters as the Authority may consider to be relevant.