Payment and Settlement Systems Finality and Netting) Act |
Payment and Settlement Systems (Finality and Netting) (Composition of Offences) Regulations 2003 |
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Citation and commencement |
1. These Regulations may be cited as the Payment and Settlement Systems (Finality and Netting) (Composition of Offences) Regulations 2003 and shall come into operation on 1st September 2003. |
Composition of offences |
2. Any offence under section 16(2) of the Act may be compounded by the Authority in accordance with section 17 of the Act. |
Made this 25th day of August 2003.
Managing Director, Monetary Authority of Singapore. |
[MIR/0/181/2002; AG/LRRD/13/2002/3] |