Division 1 — Information gathering powers over payment systems

41 Provision of information to Authority

Division 2 — Designation of payment systems

42 Power of Authority to designate payment systems

43 Prohibition against holding out as designated payment system

44 Power of Authority to impose conditions or restrictions

45 Withdrawal of designation of payment system

46 Exemptions applicable to operator, settlement institution or participant of payment system designated to ensure efficiency or competitiveness

Division 3 — Obligations of operators and settlement institutions of designated payment systems

47 Obligation of operator or settlement institution to have place of business or registered office

48 Obligation of operator or settlement institution to notify Authority of certain events

49 Obligation of operator to submit periodic reports

50 Obligation of operator to notify Authority of businesses and acquisition of corporations

Division 4 — Access regime

51 Power of Authority to impose access regime

52 Variation of access regime

53 Cessation and revocation of access regime

54 Right to apply to General Division of High Court in respect of access regime

Division 5 — Voluntary transfer of business

55 Interpretation of this Division

56 Voluntary transfer of business

57 Approval of transfer

Division 6 — Control of controllers of operators of designated payment systems

58 Application and interpretation of this Division

59 Control of shareholding in operator

60 Objection to existing control of operator

61 Power of Authority to issue directions for this Division

62 Power of Authority to obtain information relating to this Division

63 Offences, penalties and defences

64 Appeals to Minister

Division 7 — Control of officers of operators and settlement institutions of designated payment systems

65 Approval of chief executive officer or director of operator

66 Removal of executive officer or director of operator or settlement institution

67 Appeals to Minister

Division 8 — Audit of operators and settlement institutions of designated payment systems

68 Auditing

69 Powers of auditor appointed by Authority

70 Restriction on auditor’s and employee’s right to communicate certain matters

71 Offence to destroy, conceal, alter, etc., records