Section 3, The Payment Systems Act, 2009

(1) The Central Bank may revoke the designation of asystem if in the opinion of the Bank, the system is no longer in the public interest or the system no longer fairly represents the interests of all financial institutions that are or should become participants in that system. (2) The Central Bank may revoke the designation of a system if it appears to the Bank that– (a) the issuer has contravened or is contravening any of the provisions of this Act; (b) the issuer has contravened any restrictions, limitations or conditions of the approval; (c) the issuer has failed to comply with any guidelines, circular, standards or notices issued by the Bank; (d) the issuer has ceased issuing the designated payment instruments for any continuous period of six months; or (e) the issuer goes into liquidation or is wound up or is otherwise dissolved. (3) The revocation of the designation of a system shall be by notice in writing and shall be published in the Gazette.