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Section 36, The Payment Systems Act, 2009

Status not yet checkedThe Payment Systems Act, 2009, Sierra Leone

(1) Where the Central Bank proposes to determine or varya standard, it shall, before taking such action– (a) cause a notice to be published in the Gazette– (i) advising of the proposed action; (ii) summarising its purpose and effect; and (iii) inviting participants in a system and members of the general public to make submissions within a specified time to the Central Bank on the proposed action; and (b) consider any submissions that are received within that time limit. (2) Sub-section (1) does not apply to a proposed determination or variation of a standard pursuant to subsection (5) of section 7.

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