Regulatory Alerts2019-12-05
Added
Payment Services (Composition of Offences) Regulations 2019
These Regulations were issued to establish the specific offences that are compoundable under the Payment Services Act. They apply to designated payment system operators, designated payment system settlement institutions, standard payment institutions, major payment institutions, and money-changing licensees. The document serves as the regulatory framework for determining which violations can be resolved through composition rather than prosecution.
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