Section 13, The Payment Systems Act, 2009

In determining, for the purposes of this Part, if a particularaction is or would be in, or contrary to, the public interest, the Central Bank shall have regard to the desirability of payments systems– 16 17 Meaning of public interest. Systemic risk. Retention of records. (a) being, in its opinion, (i) financially safe for use by participants; (ii) efficient; and (iii) competitive; and (b) which, in its opinion, do not materially cause or contribute to increased risk to the financial PART III–TRANSPARENCY