Section 34 of the Payment and Settlement Systems Act

Q: Answer-Section 34 of the Payment and Settlement Systems Act exempts which entities from its application?

Clearing corporations of stock exchanges, Explanation Section 34 - Act not to apply to stock exchanges or clearing corporations of stock exchangesNothing contained in this Act shall apply to stock exchanges or the clearing corporations of the stock exchanges.

exempts which entities from its application?

A Clearing system Correct Answer Incorrect Answer

B Designated trade issuer Correct Answer Incorrect Answer

C Government regulatory agencies Correct Answer Incorrect Answer

D System providing settlement services Correct Answer Incorrect Answer

E Clearing corporations of stock exchanges Correct Answer Incorrect Answer

Solution

Clearing corporations of stock exchanges, Explanation: Section 34 - Act not to apply to stock exchanges or clearing corporations of stock exchanges—Nothing contained in this Act shall apply to stock exchanges or the clearing corporations of the stock exchanges.

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