Book traversal links for Article (33): Corporate Governance
Article (33): Corporate Governance
2/2024 Effective from 21/8/20241. | In this Article (33), “Payment Token Service Provider” refers to a Licensee or a Registree, with the exception of Registered Foreign Payment Token Issuers. | ||||||||||||
2. | A Payment Token Service Provider must have and maintain effective, robust and well-documented corporate governance arrangements, including a clear organizational structure with well-defined, transparent and consistent lines of responsibility. | ||||||||||||
3. | The corporate governance arrangements referred to in Article (33)2 must be comprehensive and proportionate to the nature, scale and complexity of the Payment Token Services provided, and shall contain, at a minimum:
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