Law library · Sierra Leone · THE BANK OF SIERRA LEONE ACT 2019
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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