(1) The Central Bank may provide settlement facilities in respect of—
(a) a funds transfer system designated under this Act;
(b) any part of a retail funds transfer system established or operated by another person.
(2) In giving effect to subsection (1) the Central Bank shall consider whether the system—
(a) is or is likely to be a systemically important system having regard to the function, volume or value of that system; or
(b) involves or might involve material risks which the Central Bank can abate or help to manage.
(3) The Central Bank may—
(a) provide payments facilities to effect the settlement of securities transactions including transactions of the securities system operated by the Eastern Caribbean Central Securities Depository Limited licensed under section 45 of the Securities Act—
(i) direct participation, or
(ii) participation of the Eastern Caribbean Central Securities Depository Limited through the real time gross settlement or otherwise; and
(b) make rules and enter into agreements respecting the systems and processes referred to in paragraph (a).