National Payment System Amendment Act 22 of 2004

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22 of 2004

The National Payment System Amendment Act 22 of 2004 intends:

  • to amend the National Payment System Act, 1998, so as:
    • to provide for the withdrawal of recognition of a payment system management body by the South African Reserve Bank;
    • to provide for designated settlement systems;
    • to enable payments to third persons; and
    • to provide for the issuance of directives by the South African Reserve Bank; and
  • to provide for matters connected therewith.

Commencement

30 October 2004

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