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Annex B

C 10/2020 Effective from 10/2/2021

Information or documents that may be requested under this Regulation

  1. A copy of the Operating Rules of the Payment System.
     
  2. Details of the type of activities and/or services offered by the RPS.
     
  3. Details of the constitution, structure, nature of business, ownership and management of the RPS, the SO and the SI.
     
  4. Details of the design and function and external system interfaces of the RPS, including details specifying the point at which a Transfer Order takes effect as having been entered into the RPS and of the point after which a Transfer Order may not be revoked by a Participant Person or any other party.
     
  5. A copy of the last three annual reports, if any, and the financial statements (with any auditor’s reports) for the current financial year of the RPS, the SO and/or the SI.
     
  6. The basis for membership of or participation in the RPS System (i.e. admission criteria) and a list of the current members of or Participant Persons in the RPS.
     
  7. Tariff information and schedule.
     
  8. Names of the SO and/or SI, if any, of the RPS and whether the SO and/or SI are also Participant Persons in the RPS under the Operating Rules of the System. Legal contracts or documents between the SO and/or the SI in relation to the RPS (for instance, documents which show the co-operation between the SO and/or SI, such as MoUs between them on data security, and the functional specifications of the linkages between the computer systems and networks between them that makes the system works.).
     
  9. Details of the types, volume and values of Transfer Orders processed by the RPS.
     
  10. Detailed business contingency plan.
     
  11. Name and contact details of the Person to whom questions relating to the designation of the RPS should be directed.
     

For overseas systems, the following additional information may be required: -

  1. Name of each of the relevant regulators where the RPS is regulated by one or more regulatory authorities not within the State jurisdiction.
     
  2. An outline of any laws and other regulatory requirements relating to the operations of the RPS, if regulated by a regulatory authority not within the State jurisdiction.
     
  3. Evidence of the RPS’ compliance with any applicable laws and regulatory requirements of a jurisdiction outside State, which may include comments from home supervisory authority on the RPS’s compliance with any applicable laws and regulatory requirements of a jurisdiction outside State.