Payment And Settlement Systems Act (No. 28 of 2005)

Sri Lanka Consolidated Acts

Objectives Act

(1) The objectives of the Act shall be-

	(a) to provide for the regulation, supervision and monitoring of payment, clearing and settlement systems ;

	(b) to provide for the disposition of securities in securities accounts maintained at the Central Bank ;

	(c) to provide for the regulation, supervision and monitoring of providers of money services ; and

	(d) to facilitate the electronic presentment of cheques.

(2) Subject to the definitions specifically provided for in the other provisions of this Act, and unless the context otherwise requires-