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Section 43, THE BANK OF SIERRA LEONE ACT 2019

Status not yet checkedTHE BANK OF SIERRA LEONE ACT 2019, Sierra Leone

(1) The Bank shall license, regulate and monitor paymentandsecurities settlement systems and may for these purposes take remedial measures and impose sanctions. (2) The Bank may by statutory instrument, make regulations prescribing conditions and requirements for - (a) payment and securities settlement systems and the operators of such systems;and (b ) the issuance and quality of payment instruments. (3) The staff of the Bank, and other qualified persons designated by the Bank, may visit the offices of payment and securities settlement systems, and their participants, to examine such accounts, books, documents and other records, to obtain such information and records from them, and to take such other action as the Bank shall deem necessary or advisable. (4) Payment and securities settlement systems, and their operators and participants, shall furnish the Bank with such information and records as the Bank may require. (5) The Bank may organize, own, participate in or operate payment, clearing or securities settlement systems.

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