﻿<?xml version="1.0" encoding="utf-8"?><?xml-stylesheet type="text/xsl" href="/CMS/Content/rss2full.xsl"?><?xml-stylesheet type="text/css" href="/CMS/Content/rss.css"?><rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"><channel><title>Payment and Settlement Systems (Finality and Netting) Act amendments</title><link>https://sso.agc.gov.sg/Act/PSSFNA2002?TransactionDate=20210205170000&amp;ViewType=Rss</link><description>Singapore Statutes Online RSS Feed</description><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith.</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=P11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 1 PRELIMINARY</title><description>Part 1 PRELIMINARY</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 1 Short title</title><description>Short title This Act is the Payment and Settlement Systems (Finality and Netting) Act 2002 .</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 19...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 3 Designation of system</title><description>Designation of system The Authority may, by order in the Gazette , designate a system to be a designated system for the purposes of this Act, if the Authority is satisfied that a d...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designated system ha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr4A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4A Prohibition against holding out as operator or settlement institution of designated system</title><description>Prohibition against holding out as operator or settlement institution of designated system A person must not hold out that the person is an operator or a settlement institution of ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 5 Application of this Act</title><description>Application of this Act This Act applies to all transactions cleared or settled in a designated system, subject to any restrictions that the Authority may by order in the Gazette p...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=P12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 2 TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part 2 TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency has effect in relation to — transfer orders effected through a designated system; and action taken under the Rules ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 7 Transactions under Rules of designated system are final and irrevocable</title><description>Transactions under Rules of designated system are final and irrevocable This section applies where the Rules of a designated system provide that — the transfer of funds into and ou...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 8 Proceedings of designated system take precedence over law of insolvency</title><description>Proceedings of designated system take precedence over law of insolvency None of the following is to be regarded as to any extent invalid on the ground of inconsistency with the law...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without limiting section 8 — sections 230, 231, 373 and 374 of the Insolvency, Restructuring and Dissolution A...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without limiting section 8, no order may be made by a court under section 67, 101, 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restructu...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section applies with respect to any net sum owed by or to a defaulter on the completion of the action ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part does not apply in relation to any transfer order given by a participant which is entered into a designated...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=P13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 3 NETTING</title><description>Part 3 NETTING</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 13 Netting</title><description>Netting Despite any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution for the vo...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=P14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 4 MISCELLANEOUS</title><description>Part 4 MISCELLANEOUS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Despite any written law or rule of law, a court is not to recognise or give effect to — an order of a court exercising jurisdiction under t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act does not operate to limit, restrict or otherwise affect — any right, title, interest, privile...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr15A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15A Provision of information to Authority</title><description>Provision of information to Authority If the Authority is of the opinion that it requires any information or statement for the proper discharge of its functions under this Act, the...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr15B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15B Obligation to notify Authority of certain events</title><description>Obligation to notify Authority of certain events Subject to subsection (2), a person (being a participant, an operator, a settlement institution or a collateral holder of a designa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant must notify the operator of a designated system as soon as practicable after the occurrence of any of...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17 Composition of offences</title><description>Composition of offences The Authority may compound any offence under this Act that is prescribed as a compoundable offence by collecting from any person reasonably suspected of hav...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr17A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17A Offences by corporations</title><description>Offences by corporations Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of a corporation in relation to a particular conduct, evid...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr17B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17B Offences by unincorporated associations or partnerships</title><description>Offences by unincorporated associations or partnerships Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of an unincorporated associ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr17C-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17C Protection from liability</title><description>Protection from liability No liability shall be incurred by a relevant person for anything done (including any statement made) or omitted to be done with reasonable care and in goo...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 18 Jurisdiction of District Court</title><description>Jurisdiction of District Court Despite any provision to the contrary in the Criminal Procedure Code 2010, a District Court has jurisdiction to try any offence under this Act and ha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19 Appointment of assistants</title><description>Appointment of assistants Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under thi...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr19A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19A Power of Authority to approve Rules of designated system</title><description>Power of Authority to approve Rules of designated system An operator, a settlement institution or a collateral holder of a designated system must, before implementing or amending a...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20 Power to make regulations</title><description>Power to make regulations The Authority may make any regulations that may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr20A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20A Power to issue written directions</title><description>Power to issue written directions The Authority may, for any of the following reasons, issue written directions, either of a general nature or of a specific nature, to any person o...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr20B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20B Exemption</title><description>Exemption The Authority may, by regulations made under section 20, exempt any person or class of persons from all or any of the provisions of this Act, subject to any conditions th...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 21 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under the repealed section 59A of the Banking Act 1970 immediately bef...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Act 39 of 2002 Payment and Settlement Systems (Fin...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20211231&amp;ProvIds=xy-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Comparative Table</title><description>This Act has undergone renumbering in the 2020 Revised Edition. This Comparative Table is provided to help readers locate the corresponding provisions in the last Revised Edition. ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith.</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=P11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 1 PRELIMINARY</title><description>Part 1 PRELIMINARY</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 1 Short title</title><description>Short title This Act is the Payment and Settlement Systems (Finality and Netting) Act 2002 .</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 19...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 3 Designation of system</title><description>Designation of system The Authority may, by order in the Gazette , designate a system to be a designated system for the purposes of this Act, if the Authority is satisfied that a d...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designated system ha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr4A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4A Prohibition against holding out as operator or settlement institution of designated system</title><description>Prohibition against holding out as operator or settlement institution of designated system A person must not hold out that the person is an operator or a settlement institution of ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 5 Application of this Act</title><description>Application of this Act This Act applies to all transactions cleared or settled in a designated system, subject to any restrictions that the Authority may by order in the Gazette p...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=P12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 2 TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part 2 TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency has effect in relation to — transfer orders effected through a designated system; and action taken under the Rules ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 7 Transactions under Rules of designated system are final and irrevocable</title><description>Transactions under Rules of designated system are final and irrevocable This section applies where the Rules of a designated system provide that — the transfer of funds into and ou...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 8 Proceedings of designated system take precedence over law of insolvency</title><description>Proceedings of designated system take precedence over law of insolvency None of the following is to be regarded as to any extent invalid on the ground of inconsistency with the law...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without limiting section 8 — sections 230, 231, 373 and 374 of the Insolvency, Restructuring and Dissolution A...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without limiting section 8, no order may be made by a court under section 67, 101, 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restructu...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section applies with respect to any net sum owed by or to a defaulter on the completion of the action ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part does not apply in relation to any transfer order given by a participant which is entered into a designated...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=P13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 3 NETTING</title><description>Part 3 NETTING</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 13 Netting</title><description>Netting Despite any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution for the vo...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=P14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part 4 MISCELLANEOUS</title><description>Part 4 MISCELLANEOUS</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Despite any written law or rule of law, a court is not to recognise or give effect to — an order of a court exercising jurisdiction under t...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act does not operate to limit, restrict or otherwise affect — any right, title, interest, privile...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr15A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15A Provision of information to Authority</title><description>Provision of information to Authority If the Authority is of the opinion that it requires any information or statement for the proper discharge of its functions under this Act, the...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr15B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15B Obligation to notify Authority of certain events</title><description>Obligation to notify Authority of certain events Subject to subsection (2), a person (being a participant, an operator, a settlement institution or a collateral holder of a designa...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant must notify the operator of a designated system as soon as practicable after the occurrence of any of...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17 Composition of offences</title><description>Composition of offences The Authority may compound any offence under this Act that is prescribed as a compoundable offence by collecting from any person reasonably suspected of hav...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr17A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17A Offences by corporations</title><description>Offences by corporations Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of a corporation in relation to a particular conduct, evid...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr17B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17B Offences by unincorporated associations or partnerships</title><description>Offences by unincorporated associations or partnerships Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of an unincorporated associ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr17C-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17C Protection from liability</title><description>Protection from liability No liability shall be incurred by a relevant person for anything done (including any statement made) or omitted to be done with reasonable care and in goo...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 18 Jurisdiction of District Court</title><description>Jurisdiction of District Court Despite any provision to the contrary in the Criminal Procedure Code 2010, a District Court has jurisdiction to try any offence under this Act and ha...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19 Appointment of assistants</title><description>Appointment of assistants Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under thi...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr19A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19A Power of Authority to approve Rules of designated system</title><description>Power of Authority to approve Rules of designated system An operator, a settlement institution or a collateral holder of a designated system must, before implementing or amending a...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20 Power to make regulations</title><description>Power to make regulations The Authority may make any regulations that may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr20A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20A Power to issue written directions</title><description>Power to issue written directions The Authority may, for any of the following reasons, issue written directions, either of a general nature or of a specific nature, to any person o...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr20B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20B Exemption</title><description>Exemption The Authority may, by regulations made under section 20, exempt any person or class of persons from all or any of the provisions of this Act, subject to any conditions th...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 21 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under the repealed section 59A of the Banking Act 1970 immediately bef...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Legislative History</title><description>This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act. Act 39 of 2002 Payment and Settlement Systems (Fin...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20211231&amp;ProvIds=xy-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Comparative Table</title><description>This Act has undergone renumbering in the 2020 Revised Edition. This Comparative Table is provided to help readers locate the corresponding provisions in the last Revised Edition. ...</description><pubDate>Fri, 31 Dec 2021 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8 — sections 230, 231, 373 and 374 of the Insolvency, Restruct...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any ...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act. It is not part of the Act. Act 39 of 2002 Payme...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr10-XX-pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without limiting section 8, no order may be made by a court under section 67, 101, 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restruct...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8 — sections 230, 231, 373 and 374 of the Insolvency, Restruct...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr10-XX-pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without limiting section 8, no order may be made by a court under section 67, 101, 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restruct...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any ...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act. It is not part of the Act. Act 39 of 2002 Payme...</description><pubDate>Thu, 30 Jul 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr3-XX-pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 3 Designation of system</title><description>Designation of system The Authority may, by order in the Gazette , designate a system to be a designated system for the purposes of this Act, if the Authority is satisfied that a ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr4A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 4A Prohibition against holding out as operator or settlement institution of designated system</title><description>Prohibition against holding out as operator or settlement institution of designated system A person must not hold out that the person is an operator or a settlement institution of...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 5 Application of this Act</title><description>Application of this Act This Act shall apply to all transactions cleared or settled in a designated system, subject to such restrictions as the Authority may by order published in...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 7 Transactions under Rules of designated system are final and irrevocable</title><description>Transactions under Rules of designated system are final and irrevocable This section shall apply where the Rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr15A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15A Provision of information to Authority</title><description>Provision of information to Authority If the Authority is of the opinion that it requires any information or statement for the proper discharge of its functions under this Act, th...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr15B-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15B Obligation to notify Authority of certain events</title><description>Obligation to notify Authority of certain events Subject to subsection (2), a person (being a participant, an operator, a settlement institution or a collateral holder of a design...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from any person reaso...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr17A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17A Offences by corporations</title><description>Offences by corporations Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of a corporation in relation to a particular conduct, evi...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr17B-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17B Offences by unincorporated associations or partnerships</title><description>Offences by unincorporated associations or partnerships Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of an unincorporated assoc...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr17C-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17C Protection from liability</title><description>Protection from liability No liability shall be incurred by a relevant person for anything done (including any statement made) or omitted to be done with reasonable care and in go...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 19 Appointment of assistants</title><description>Appointment of assistants Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under th...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr19A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 19A Power of Authority to approve Rules of designated system</title><description>Power of Authority to approve Rules of designated system An operator, a settlement institution or a collateral holder of a designated system must, before implementing or amending ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr20A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20A Power to issue written directions</title><description>Power to issue written directions The Authority may, for any of the following reasons, issue written directions, either of a general nature or of a specific nature, to any person ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr20B-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20B Exemption</title><description>Exemption The Authority may, by regulations made under section 20, exempt any person or class of persons from all or any of the provisions of this Act, subject to such conditions ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr22-XX-pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 22 (Repealed)</title><description>Repealed by Act 4 of 2018</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr23-XX-pr23-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 23 (Repealed)</title><description>Repealed by Act 4 of 2018</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr3-XX-pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 3 Designation of system</title><description>Designation of system The Authority may, by order in the Gazette , designate a system to be a designated system for the purposes of this Act, if the Authority is satisfied that a ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr4A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 4A Prohibition against holding out as operator or settlement institution of designated system</title><description>Prohibition against holding out as operator or settlement institution of designated system A person must not hold out that the person is an operator or a settlement institution of...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 5 Application of this Act</title><description>Application of this Act This Act shall apply to all transactions cleared or settled in a designated system, subject to such restrictions as the Authority may by order published in...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 7 Transactions under Rules of designated system are final and irrevocable</title><description>Transactions under Rules of designated system are final and irrevocable This section shall apply where the Rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr15A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15A Provision of information to Authority</title><description>Provision of information to Authority If the Authority is of the opinion that it requires any information or statement for the proper discharge of its functions under this Act, th...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr15B-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15B Obligation to notify Authority of certain events</title><description>Obligation to notify Authority of certain events Subject to subsection (2), a person (being a participant, an operator, a settlement institution or a collateral holder of a design...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from any person reaso...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr17A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17A Offences by corporations</title><description>Offences by corporations Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of a corporation in relation to a particular conduct, evi...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr17B-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17B Offences by unincorporated associations or partnerships</title><description>Offences by unincorporated associations or partnerships Where, in a proceeding for an offence under this Act, it is necessary to prove the state of mind of an unincorporated assoc...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr17C-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17C Protection from liability</title><description>Protection from liability No liability shall be incurred by a relevant person for anything done (including any statement made) or omitted to be done with reasonable care and in go...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 19 Appointment of assistants</title><description>Appointment of assistants Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under th...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr19A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 19A Power of Authority to approve Rules of designated system</title><description>Power of Authority to approve Rules of designated system An operator, a settlement institution or a collateral holder of a designated system must, before implementing or amending ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr20A-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20A Power to issue written directions</title><description>Power to issue written directions The Authority may, for any of the following reasons, issue written directions, either of a general nature or of a specific nature, to any person ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr20B-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20B Exemption</title><description>Exemption The Authority may, by regulations made under section 20, exempt any person or class of persons from all or any of the provisions of this Act, subject to such conditions ...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr22-XX-pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 22 (Repealed)</title><description>Repealed by Act 4 of 2018</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr23-XX-pr23-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 23 (Repealed)</title><description>Repealed by Act 4 of 2018</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8 — section 110 of the Bankruptcy Act (Cap. 20) and section 33...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8, no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act; section 211E o...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act. It is not part of the Act. Act 39 of 2002 Payme...</description><pubDate>Wed, 06 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act .</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 18 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 21 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under the repealed section 59A of the Banking Act (Cap. 19, 1999 Ed.)...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=xy-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Comparative Table</title><description>The following provisions in the Payment and Settlement Systems (Finality and Netting) Act 2002 (Act 39 of 2002) have been renumbered by the Law Revision Commissioners in this 2003...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act .</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 18 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 21 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under the repealed section 59A of the Banking Act (Cap. 19, 1999 Ed.)...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002?ValidDate=20200730&amp;ProvIds=xy-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Comparative Table</title><description>The following provisions in the Payment and Settlement Systems (Finality and Netting) Act 2002 (Act 39 of 2002) have been renumbered by the Law Revision Commissioners in this 2003...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any ...</description><pubDate>Thu, 01 Jan 2004 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith....</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part III NETTING</title><description>Part III NETTING</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20200730?ValidDate=20200730&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith....</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act .</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 3 Designation of system</title><description>Designation of system The Authority may, by order published in the Gazette , designate a system to be a designated system for the purposes of this Act, subject to such terms and c...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 5 Application of this Act</title><description>Application of this Act This Act shall apply to all transactions cleared or settled in a designated system, subject to such restrictions as the Authority may by order published in...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 7 Transactions under rules of designated system are final and irrevocable</title><description>Transactions under rules of designated system are final and irrevocable This section shall apply where the rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8  — section 110 of the Bankruptcy Act (Cap. 20) and section 3...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8 , no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act ; section 227T...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part III NETTING</title><description>Part III NETTING</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any ...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from any person reaso...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 18 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 19 Immunity of Authority and its employees, etc.</title><description>Immunity of Authority and its employees, etc. No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting u...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 21 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under the repealed section 59A of the Banking Act (Cap. 19, 1999 Ed.)...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 22 Consequential amendments to other written laws</title><description>Consequential amendments to other written laws The Minister may, by order published in the Gazette , repeal or amend any written law which appears to him unnecessary having regard...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=pr23-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 23 Transitional provisions</title><description>Transitional provisions The Authority may, by regulations, prescribe such transitional, savings and other consequential provisions as it may consider necessary or expedient. 22</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act . It is not part of the Act. Act 39 of 2002 Paym...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSSFNA2002/Published?DocDate=20030731&amp;ProvIds=xy-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Comparative Table</title><description>The following provisions in the Payment and Settlement Systems (Finality and Netting) Act 2002 (Act 39 of 2002) have been renumbered by the Law Revision Commissioners in this 2003...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20180606?ValidDate=20180606&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith....</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part III NETTING</title><description>Part III NETTING</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 22 Consequential amendments to other written laws</title><description>Consequential amendments to other written laws The Minister may, by order published in the Gazette , repeal or amend any written law which appears to him unnecessary having regard...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr23-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 23 Transitional provisions</title><description>Transitional provisions The Authority may, by regulations, prescribe such transitional, savings and other consequential provisions as it may consider necessary or expedient. 22</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act .</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 3 Designation of system</title><description>Designation of system The Authority may, by order published in the Gazette , designate a system to be a designated system for the purposes of this Act, subject to such terms and c...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 5 Application of this Act</title><description>Application of this Act This Act shall apply to all transactions cleared or settled in a designated system, subject to such restrictions as the Authority may by order published in...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 7 Transactions under rules of designated system are final and irrevocable</title><description>Transactions under rules of designated system are final and irrevocable This section shall apply where the rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8  — section 110 of the Bankruptcy Act (Cap. 20) and section 3...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8 , no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act ; section 227T...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 16 Obligation to notify operator of designated system of insolvency</title><description>Obligation to notify operator of designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any ...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 17 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from any person reaso...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 18 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 19 Immunity of Authority and its employees, etc.</title><description>Immunity of Authority and its employees, etc. No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting u...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 20 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act - 21 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under the repealed section 59A of the Banking Act (Cap. 19, 1999 Ed.)...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act . It is not part of the Act. Act 39 of 2002 Paym...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030731?ValidDate=20030731&amp;ProvIds=xy-</link><title>Payment and Settlement Systems (Finality and Netting) Act - Comparative Table</title><description>The following provisions in the Payment and Settlement Systems (Finality and Netting) Act 2002 (Act 39 of 2002) have been renumbered by the Law Revision Commissioners in this 2003...</description><pubDate>Thu, 31 Jul 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr16A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16A Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from any person reaso...</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr16B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16B Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act 2002 . It is not part of the Act. Act 39 of 2002...</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr16A-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16A Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from any person reaso...</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr16B-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16B Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act 2002 . It is not part of the Act. Act 39 of 2002...</description><pubDate>Fri, 16 May 2003 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith,...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act 2002 and shall come into operation on such date as the Minister...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 3 Designation of system</title><description>Designation of system The Authority may, by order published in the Gazette , designate a system to be a designated system for the purposes of this Act, subject to such terms and c...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 5 Application of this Act</title><description>Application of this Act This Act shall apply to such transactions or class of transactions cleared or settled in a designated system, subject to such restrictions, as the Authorit...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 7 Transactions under rules of designated system are final and irrevocable</title><description>Transactions under rules of designated system are final and irrevocable This section shall apply where the rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8  — section 110 of the Bankruptcy Act (Cap. 20) and section 3...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8 , no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act ; section 227T...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part III NETTING</title><description>Part III NETTING</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16 Obligation to notify designated system of insolvency</title><description>Obligation to notify designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any of the follo...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17 Immunity of Authority and its employees, etc.</title><description>Immunity of Authority and its employees, etc. No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting u...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 18 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under section 59A of the Banking Act (Cap. 19) immediately before the...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 21 Consequential amendments to other written laws</title><description>Consequential amendments to other written laws The Minister may, by order published in the Gazette , repeal or amend any written law which appears to him unnecessary having regard...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 22 Transitional provisions</title><description>Transitional provisions The Authority may, by regulations, prescribe such transitional, savings and other consequential provisions as it may consider necessary or expedient.</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act 2002 . It is not part of the Act. Act 39 of 2002...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=aw-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209170000&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20 Related and consequential amendments</title><description>Related and consequential amendments Section 59A of the Banking Act is repealed. The Monetary Authority of Singapore Act (Cap. 186) is amended by inserting, immediately after sect...</description><pubDate>Mon, 09 Dec 2002 17:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith,...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=aw-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act 2002 and shall come into operation on such date as the Minister...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 3 Designation of system</title><description>Designation of system The Authority may, by order published in the Gazette , designate a system to be a designated system for the purposes of this Act, subject to such terms and c...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 5 Application of this Act</title><description>Application of this Act This Act shall apply to such transactions or class of transactions cleared or settled in a designated system, subject to such restrictions, as the Authorit...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 7 Transactions under rules of designated system are final and irrevocable</title><description>Transactions under rules of designated system are final and irrevocable This section shall apply where the rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8  — section 110 of the Bankruptcy Act (Cap. 20) and section 3...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8 , no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act ; section 227T...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part III NETTING</title><description>Part III NETTING</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=P1IV-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part IV MISCELLANEOUS</title><description>Part IV MISCELLANEOUS</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16 Obligation to notify designated system of insolvency</title><description>Obligation to notify designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any of the follo...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17 Immunity of Authority and its employees, etc.</title><description>Immunity of Authority and its employees, etc. No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting u...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 18 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under section 59A of the Banking Act (Cap. 19) immediately before the...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20 Related and consequential amendments</title><description>Related and consequential amendments Section 59A of the Banking Act is repealed. The Monetary Authority of Singapore Act (Cap. 186) is amended by inserting, immediately after sect...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 21 Consequential amendments to other written laws</title><description>Consequential amendments to other written laws The Minister may, by order published in the Gazette , repeal or amend any written law which appears to him unnecessary having regard...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 22 Transitional provisions</title><description>Transitional provisions The Authority may, by regulations, prescribe such transitional, savings and other consequential provisions as it may consider necessary or expedient.</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/39-2002/Published?DocDate=20021209&amp;ProvIds=xv-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment and Settlement Systems (Finality and Netting) Act 2002 . It is not part of the Act. Act 39 of 2002...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith,...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=aw-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act 2002 and shall come into operation on such date as the Minister...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 3 Designation of system</title><description>Designation of system The Authority may, by order published in the Gazette , designate a system to be a designated system for the purposes of this Act, subject to such terms and c...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 5 Application of this Act</title><description>Application of this Act This Act shall apply to such transactions or class of transactions cleared or settled in a designated system, subject to such restrictions, as the Authorit...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 7 Transactions under rules of designated system are final and irrevocable</title><description>Transactions under rules of designated system are final and irrevocable This section shall apply where the rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8  — section 110 of the Bankruptcy Act (Cap. 20) and section 3...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8 , no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act ; section 227T...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part III NETTING</title><description>Part III NETTING</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16 Obligation to notify designated system of insolvency</title><description>Obligation to notify designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any of the follo...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17 Immunity of Authority and its employees, etc.</title><description>Immunity of Authority and its employees, etc. No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting u...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 18 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under section 59A of the Banking Act (Cap. 19) immediately before the...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20 Related and consequential amendments</title><description>Related and consequential amendments Section 59A of the Banking Act is repealed. The Monetary Authority of Singapore Act (Cap. 186) is amended by inserting, immediately after sect...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 21 Consequential amendments to other written laws</title><description>Consequential amendments to other written laws The Minister may, by order published in the Gazette , repeal or amend any written law which appears to him unnecessary having regard...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 22 Transitional provisions</title><description>Transitional provisions The Authority may, by regulations, prescribe such transitional, savings and other consequential provisions as it may consider necessary or expedient.</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=al-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Long Title</title><description>An Act to make provision for the protection of payment and settlement systems from disruptions that may lead to risks to the financial system and for purposes connected therewith,...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1I-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr1-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment and Settlement Systems (Finality and Netting) Act 2002 and shall come into operation on such date as the Minister...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr2-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — Authority means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr3-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 3 Designation of system</title><description>Designation of system The Authority may, by order published in the Gazette , designate a system to be a designated system for the purposes of this Act, subject to such terms and c...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr4-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 4 Revocation of designation</title><description>Revocation of designation The Authority may, by order published in the Gazette , revoke the designation of a designated system if — the Authority is satisfied that — the designate...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr5-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 5 Application of this Act</title><description>Application of this Act This Act shall apply to such transactions or class of transactions cleared or settled in a designated system, subject to such restrictions, as the Authorit...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1II-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</title><description>Part II TRANSACTIONS EFFECTED THROUGH DESIGNATED SYSTEM</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr6-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 6 Modifications of law of insolvency</title><description>Modifications of law of insolvency The general law of insolvency shall have effect in relation to — transfer orders effected through a designated system; and action taken under th...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr7-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 7 Transactions under rules of designated system are final and irrevocable</title><description>Transactions under rules of designated system are final and irrevocable This section shall apply where the rules of a designated system provide that — the transfer of funds into a...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr8-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 8 Proceedings of designated system shall take precedence over law of insolvency</title><description>Proceedings of designated system shall take precedence over law of insolvency None of the following shall be regarded as to any extent invalid on the ground of inconsistency with ...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr9-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 9 Disclaimer of property, restriction on dispositions of property, etc.</title><description>Disclaimer of property, restriction on dispositions of property, etc. Without prejudice to the generality of section 8  — section 110 of the Bankruptcy Act (Cap. 20) and section 3...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr10-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 10 Adjustment of prior transactions</title><description>Adjustment of prior transactions Without prejudice to the generality of section 8 , no order shall be made by a court under — section 98 or 99 of the Bankruptcy Act ; section 227T...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr11-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 11 Net sum payable on completion of action taken under default arrangements</title><description>Net sum payable on completion of action taken under default arrangements This section shall apply with respect to any net sum owed by or to a defaulter on the completion of the ac...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr12-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 12 Transfer orders entered into designated system after insolvency</title><description>Transfer orders entered into designated system after insolvency This Part shall not apply in relation to any transfer order given by a participant which is entered into a designat...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=P1III-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Part III NETTING</title><description>Part III NETTING</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr13-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 13 Netting</title><description>Netting Notwithstanding any provision of the law of insolvency, if a court has made an order for bankruptcy or winding up of a participant of a designated system or a resolution f...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr14-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 14 Law of insolvency in other jurisdictions</title><description>Law of insolvency in other jurisdictions Notwithstanding any written law or rule of law, a court shall not recognise or give effect to — an order of a court exercising jurisdictio...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr15-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 15 Preservation of rights, etc.</title><description>Preservation of rights, etc. Except to the extent that it expressly provides, this Act shall not operate to limit, restrict or otherwise affect — any right, title, interest, privi...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr16-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 16 Obligation to notify designated system of insolvency</title><description>Obligation to notify designated system of insolvency A participant shall notify the operator of a designated system as soon as practicable after the occurrence of any of the follo...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr17-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 17 Immunity of Authority and its employees, etc.</title><description>Immunity of Authority and its employees, etc. No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting u...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr18-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 18 Power to make regulations</title><description>Power to make regulations The Authority may make such regulations as may be necessary or expedient for carrying out the purposes and provisions of this Act and for prescribing any...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr19-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 19 Settlement system deemed to be designated system under this Act</title><description>Settlement system deemed to be designated system under this Act A settlement system operated by the Authority under section 59A of the Banking Act (Cap. 19) immediately before the...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr21-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 21 Consequential amendments to other written laws</title><description>Consequential amendments to other written laws The Minister may, by order published in the Gazette , repeal or amend any written law which appears to him unnecessary having regard...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr22-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 22 Transitional provisions</title><description>Transitional provisions The Authority may, by regulations, prescribe such transitional, savings and other consequential provisions as it may consider necessary or expedient.</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=aw-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSSFNA2002/Historical/20030516?ValidDate=20030516&amp;ProvIds=pr20-</link><title>Payment and Settlement Systems (Finality and Netting) Act 2002 - 20 Related and consequential amendments</title><description>Related and consequential amendments Section 59A of the Banking Act is repealed. The Monetary Authority of Singapore Act (Cap. 186) is amended by inserting, immediately after sect...</description><pubDate>Mon, 09 Dec 2002 00:00:00 +0800</pubDate></item></channel></rss>