Section 48: Facilities to financial market infrastructure and payment scheme
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
48. Facilities to financial market infrastructure and payment scheme
providers
(1) The Bank may provide facilities, including intra-day credit, to payment, clearing and settlement systems and their participants, to ensure the
safety, soundness and efficiency of such systems.
(2) The Bank may organise, own, participate in and operate systems
referred to in subsection (1).
(3) With a view to promoting sound payment instruments, the Bank may
also organise, own, participate in, operate or promote payment schemes.
(4) The Bank may, for the purpose of this section, make regulations, with
the approval of the Minister, or issue instructions or guidelines.
[S. 48 repealed and replaced by s. 2 (e) of Act 27 of 2013 w.e.f. 21 December 2013.]