Revised Laws of Saint Lucia (2021)

15.   Establishment of access regime

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    (1)   The Central Bank may establish an access regime for the system participants in a designated funds transfer system or designated settlement system.

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    (2)   The access regime shall be one that the Central Bank considers appropriate, having regard to—

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      (a)     the public interest;

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      (b)     the interests of the current system participants;

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      (c)     the interests of person who, in the future, may desire access to the designated funds transfer system or designated settlement system; and

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      (d)     any other matters the Central Bank considers relevant.

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    (3)   The Central Bank shall publish in the Gazette—

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      (a)     details of the Central Bank's decision to establish an access regime; and

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      (b)     particulars of the access regime.

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    (4)   Failure to comply with subsection (3) does not invalidate the access regime.