The Bank may exempt a payment system or a class of payment system from some or all of the requirements of this Part on such terms and conditions as the Bank may decide, where it is of the opinion that the application of this Part to that system or class of system is not necessary in the interest of the proper and orderly regulation of financial transactions in the State.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 9 April 1997 - onwards