(758) 468-3200
Government Saint Lucia
Home
About AG Office
Mission & Strategic Priorities
Organizational Structure of Chambers
Role of The Attorney General
Former Attorney Generals
Departments
Heads of Departments
Legislative Drafting
Advice and Litigation
Registry of Companies & Intellectual Property
Administration
Financial Intelligence Authority
Accessibility
Fees
Contact Us
Home
/
Departments
/
Legislative Drafting
/
Revised Laws of Saint Lucia
/
PAYMENT SYSTEM ACT
/
SUBSIDIARY LEGISLATION
2023 Laws not yet authenticated through a Commencement Order
Revised Laws of Saint Lucia (2023)
Back to Revised Laws of Saint Lucia (2023)
Back to Table of Contents
SUBSIDIARY LEGISLATION
List of Subsidiary Legislation
1.
Payment System (Eastern Caribbean Automated Clearing House System) Rules – Section 33
Previous
Next
SUBSIDIARY LEGISLATION
1. Short title
2. Interpretation
3. Establishment of Payment System and Central Bank's exclusive authority
4. Characteristics of the Payment System
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
19. Revocation of access regime
20. Effective date of revocation
21. Bankruptcy or insolvency of operator or system participant
22. Utilisation of deposits, etc., FULL
23. Validity of electronic data
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
Schedule
ACT
PART 1 PRELIMINARY
1. Short title
2. Interpretation
PART 2 AUTHORITY OF THE CENTRAL BANK
PART 3 THE PAYMENT SYSTEM
4. Characteristics of the Payment System
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
PART 4 DESIGNATION OF FUNDS TRANSFER SYSTEM OR SETTLEMENT SYSTEM
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
19. Revocation of access regime
20. Effective date of revocation
PART 5 INSOLVENCY OR BANKRUPTCY OF SYSTEM PARTICIPANT OR AN OPERATOR
21. Bankruptcy or insolvency of operator or system participant
22. Utilisation of deposits, etc., FULL
PART 6 EXAMINATION, AUDIT AND INFORMATION
23. Validity of electronic data
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
PART 7 COMPLIANCE, ARBITRATION AND REGULATION
30. Settlement of disputes by arbitration
31. Directives by Central Bank
32. Regulations
33. Central Bank to make rules
34. Prudential guidelines
PART 8 MISCELLANEOUS
35. Act to bind the Crown
Schedule
Payment System (Eastern Caribbean Automated Clearing House System) Rules – section 33 (Statutory Instruments 79/2014, 33/2015, 199/2021 and 121/2022)
PART 1 PRELIMINARY
1. Citation
Schedule 1
Schedule 2
Schedule 3
Schedule 4
Schedule 5