Revised Laws of Saint Lucia (2021)

16.   Commencement and cessation of access regime

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    (1)   An access regime—

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      (a)     comes into force—

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        (i)     subject to subparagraph (ii) on the day on which the particulars are published in accordance with section 15, or

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        (ii)     the date specified in the particulars establishing the access regime;

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      (b)     may be varied as provided in section 17.

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    (2)   An access regime ceases to be in force on—

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      (a)     the prescribed expiry date;

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      (b)     revocation of the access regime;

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      (c)     voluntary cessation of operation of the designated funds transfer system or designated settlement system;

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      (d)     dissolution of the designated funds transfer system or designated settlement system; or

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      (e)     revocation or suspension of designation of the funds transfer system or settlement system to which the access regime applies.