Question

What are the conditions under which a system provider can make changes to the structure or operation of a payment system as per the Payment and Settlement Systems Act?

A With prior approval of the Reserve Bank and a 15-day notice to system participants
B With prior approval of the Reserve Bank and a 30-day notice to system participants
C With prior approval of the Reserve Bank only, no notice required
D Without Reserve Bank approval but with a 30-day notice to system participants
E Without Reserve Bank approval or notice to system participants
Practice Next

Hey! Ask a query