Notice of Revisions to the Draft Payment Systems Act, 2010, Payment Systems (Oversight) Regulations, 2010 and the Payment Systems (National Payments Committee) Byelaws, 2010

Published: Friday July 30th, 2010

In November 2009, the Central Bank of The Bahamas issued for public consultation three pieces of proposed legislation: the draft Payment Systems Act, Payment Systems (Oversight) Regulations and the Payment Systems (National Payments Committee) Byelaws as part of the payments modernization initiative. These drafts have been revised to take account of comments received during the consultation period.

The notice of revisions to the draft Payment Systems Act, Payment Systems (Oversight) Regulations, and the Payment Systems (National Payments Committee) Byelaws, can be found below. Also found below are copies of the draft Payment Systems Act, (hereafter referred to as the “draft Payment Systems Bill, 2010”, “the draft Bill” or “the Bill”) Payment Systems (Oversight) Regulations and the Payment Systems (National Payments Committee) Byelaws.