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Revised Laws of Saint Lucia (2021)

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19. Revocation of access regime

(1) A system participant may make an application to the Central Bank in the prescribed form for revocation of the access regime.

(2) The Central Bank may revoke an access regime in the public interest or for other compelling reasons.

19. Revocation of access regime

2. Interpretation

3. Establishment of Payment System and Central Bank's exclusive authority

5. The large value electronic transfer system

6. Cheque clearing system

7. Settlement for systems not operated by the Central Bank

8. Participation in systems not operated by the Central Bank

9. Technical assistance to funds transfer systems

10. Netting arrangements

11. Designation of funds transfer systems or settlement system

12. Central Bank to establish standards for designated system

13. Variation or revocation of standards

14. Cessation of standards

15. Establishment of access regime

16. Commencement and cessation of access regime

17. Variation of access regime

18. Commencement of variation

20. Effective date of revocation

21. Bankruptcy or insolvency of operator or system participant

22. Utilisation of deposits, etc., FULL

24. Retention of records

25. Central Bank examination of books of an operator

26. Disclosure and access to books and records

27. System participant and operator to provide information

28. Annual audit, report and publication of financial statements

29. Management's duty to comply with the law

30. Settlement of disputes by arbitration

31. Directives by Central Bank

32. Regulations

33. Central Bank to make rules

34. Prudential guidelines

35. Act to bind the Crown

4. Characteristics of the Payment System

23. Validity of electronic data