Regulations relating to fees payable to the Bank of Namibia, 2023

Jurisdiction
Namibia
Citation
Government Notice 252 of 2023
Primary work
Payment System Management Act, 2023
Date
8 August 2023
Language
English
Type
Legislation
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Payment System Management Act, 2023

Regulations relating to fees payable to the Bank of Namibia, 2023

Government Notice 252 of 2023

1. Definitions

In these regulations a word or an expression to which a meaning has been assigned in the Act has that meaning, and unless the context indicates otherwise-“the Act” means the Payment System Management Act, 2023 (Act No. 14 of 2023).

2. Fees payable for non-refundable application fees

A person who wishes to apply for a licence under section 10(1) of the Act or authorisation under section 11(3) of the Act must pay the following non-refundable fees to the Bank:
(a)N$5000 for an application for a payment service provider licence; and
(b)N$5000 for an application for authorisation as a payment system operator.

3. Methods of payment

(1)The fees payable as set out in regulation 2 must be paid to the Bank by transfer into a bank account nominated by the Bank in writing from time to time.
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History of this document

08 August 2023 this version
Commenced
01 August 2023
Assented to

Cited documents 1

Legislation 1
  1. Payment System Management Act, 2023

Documents citing this one 0