Amendment of rules

(1) The Central Bank may vary or revoke any rule established under section 17 where it considers it appropriate to do so, having regard to– (a) whether the variation or revocation would be in the public interest; (b) the interests of the current participants in the (c) the interests of persons who, in the future, may desire access to the system; and 29 (d) any other matters the Central Bank considers relevant. (2) An operator shall not amend a rule established under section 17 or cause a change in the system which would affect the structure, operation or administration of the system without– (a) the written approval of the Central Bank; and (b) giving at least thirty days’ notice to the participants after the written approval of the Central Bank is obtained. (3) Notwithstanding sub-section (2), the Central Bank may– (a) as operator of a system, make a change to the rules of its system; or (b) permit any other operator to make a change to a rule of that operator’s system, without giving notice to the participants under sub-section (2)(b) or requiring the operator to give notice for a period less than thirty days, in the interest of monetary policy, financial stability, or in the public interest.