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Payment and Settlement Systems (Oversight) Act · s 3

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s 3Application of Act

(1)

Parts 3 to 6 do not apply to the Authority in its capacity as —

(a)

a participant;

(b)

an operator; or

(c)

a settlement institution, of any payment system.

(2)

This Act also applies to a person outside Brunei Darussalam who is an operator of a payment system if such payment system accepts payment or settlement instructions from participants in Brunei Darussalam unless prescribed by the Authority.