← belizelaw.ai · National Payment System, Cap. 266:01 · PART V — On-going Oversight

Liability

Cap. 266:01, s. 25 · Revised Edition 2020

(1) If an operator outsources an aspect of its operation, the operator shall take reasonable steps to ensure that the person to whom the aspect of its operation is outsourced complies with the requirements of this Act. 34 (2) If a payment service provider outsources or uses an agent to perform an aspect of its payment service, the payment service provider shall take reasonable steps to ensure that the agent or the person to whom it is outsourced complies with the requirements of this Act. (3) An operator or payment service provider shall remain fully liable for any act of an employee, agent, branch or person to whom an aspect of its operation or payment service is outsourced. (Prevention) Act. CAP. 104.
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Liability — Cap. 266:01 s. 25 · Belize Law