Section 53: Clearing house and payments system
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.
53. Clearing house and payments system
Every bank shall comply with the instructions issued by the central bank
for the smooth functioning of the clearing house and payments system including the Mauritius Automated Clearing and Settlement System (MACSS),
set up by the central bank.
[Issue 9] B3 – 40
Revised Laws of Mauritius
PART VIII – ADMINISTRATION OF FINANCIAL INSTITUTIONS
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Questions this section answers
- Must every bank follow the central bank's rules for the payments clearing system?