Revised Laws of Saint Lucia (2021)

17.   Variation of access regime

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    (1)   The Central Bank may vary an access regime if the Central Bank considers it is appropriate to do so, having regard to—

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      (a)     whether the variation would be in the public interest;

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      (b)     the interests of the current system participants;

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

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

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    (2)   The Central Bank—

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      (a)     shall publish in the Gazette details of the decision of the Central Bank to vary an access regime and particulars of the variation; and

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      (b)     may publish notice of the decision of the Central Bank in any other media.

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    (3)   Failure by the Central Bank to comply with subsection (2)(a) does not invalidate the variation.