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South Africa
NATIONAL LEGISLATION OVERVIEWS
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National Payment System Act, No. 78 of 1998

Long title


To provide for the management, administration, operation, regulation and supervision of payment, clearing and settlement systems in the Republic of South Africa; and to provide for connected matters.

Table of contents

SECTION TITLE
CONTENT OF ACT
1. Definitions
2. Powers and duties of Reserve Bank regarding payment system
3. Payment system management body
4. Objects and rules of payment system management body
4A. Designated settlement systems [...inserted by Act 2004_022_005_20041030]
5. Settlement provisions
6. Clearing provisions and designated clearing system participants [...Title amended by Act 2008_022_036(a)_20080930- was entitled :Clearing provisions"]
6A. Effectiveness and efficiency of the National Payment System [...inserted by Act 2005_034_172(2)_20060315]
7. Payments to third persons [...Title amended by Act 2004_022_008_20041030 - was entitled “Control of payment intermediation”]
8. Curatorship, judicial management or liquidation [...Title amended by Act 2004_022_009_20041030 - was entitled "Netting agreements and netting rules”] [...Title amended by Act 2007_040_090_20080222 Sch - was entitled "Curatorship or liquidation"]
9. Utilisation of assets provided as security [...Title amended by Act _ - was entitled “Utilisation of assets provided as security to Reserve Bank or payment clearing house”]
10. Information
11. Settlement of disputes
12. Directives by Reserve Bank
13. Retention of records
13A. Application for court order [...inserted by Act 2004_022_015_20041030]
14. Penalties
15. Review of Act
16. Short title

Legislation Text Access Point

Versions
[To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.]
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As unamended Act 1998_078_000_19981028 EXT.LINK REQ.INFO LINK
As amended by Act 2004_022_000_20041030 N/A REQ.INFO LINK
As amended by Act 2005_034_000_20060315 N/A REQ.INFO LINK
As amended by Act 2007_040_000_20080222 N/A REQ.INFO LINK
As amended by Act 2008_022_000_20080930 N/A REQ.INFO LINK
As amended by Act 2012_019_000_20130201 N/A REQ.INFO LINK
As amended by Act 2013_045_000_20140116 N/A REQ.INFO LINK
As amended by ...N/A REQ.INFO LINK

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