← belizelaw.ai · The Laws of Belize
National Payment System
Cap. 266:01 · Revised Edition 2020 · 57 sections
- s. 1Short title
- s. 2Interpretation
- s. 3Establishment of National Payment System
- s. 4Operational role of the Central Bank
- s. 5Cooperation with other authorities
- s. 6Establishment of the National Payment System Council
- s. 7Prohibition against carrying on activity without licence
- s. 8Application for a licence
- s. 9Grant of a licence to provide a payment service
- s. 10Grant of a licence to operate a system
- s. 11Exemptions from licensing
- s. 12Display of licence and certificates
- s. 13Licence non-transferable
- s. 14Renewal of licence
- s. 15Conditions of licence
- s. 16Revocation or suspension of licence
- s. 17Establishment of rules of a system
- s. 18Amendment of rules
- s. 19Access to systems
- s. 20Central Bank directives
- s. 21General and individual measures
- s. 22Power to examine and inspect
- s. 23Outsourcing of activities
- s. 24Use of agents
- s. 25Liability
- s. 26Compliance with the Money Laundering and Terrorism (Prevention) Act
- s. 27Retention of records
- s. 28Access to information and audit
- s. 29Disclosure of information
- s. 30Publication of data
- s. 31Oversight, regulatory and operational fees and charges
- s. 32Application and licence fees
- s. 33Infringements, administrative measures and penalties
- s. 34Removal of officer or employee
- s. 35Procedure for administrative measure and penalties
- s. 36Payments to Central Bank
- s. 37Settlement of accounts
- s. 38Finality of payment
- s. 39Collateral for payment and settlement
- s. 40Central Bank to be notified of winding up
- s. 41Prohibition
- s. 42Winding up or administration of participants not to affect finality
- s. 43Rules of system to bind liquidators
- s. 44Preservation of rights
- s. 45Conflict of laws provision
- s. 46Presentment of cheques
- s. 47Electronic presentment of cheque
- s. 48Enforceability and evidence of electronic funds transfer
- s. 49Issuance of electronic money
- s. 50Transparency of fees
- s. 51Disclosure of terms and conditions
- s. 52Settlement of disputes by arbitration
- s. 53Protection of acts done in good faith
- s. 54General offences and penalties
- s. 55Limitation to prosecution
- s. 56Regulations, orders, directives and guidelines
- s. 57Transitional provisions