Finality of payment

(1) An operator shall specify the rules to achieve finality in its operations, in accordance with the provisions of this Act and as prescribed by any rules, regulations or directives issued by the Central Bank and shall include rules establishing irrevocability of orders once these have entered into the system, unless special conditions apply. (2) The entry or payment that has been effected in terms of sub-section (1) shall not be revoked, reversed, or set aside, including, without limitation, by insolvency or bankruptcy proceedings or any other law similar in purpose and effect, and is not subject to any provision of law or order of an administrative or judicial authority that operates as a stay of that