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PAYMENT SYSTEM MANAGEMENT BILL

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PAYMENT SYSTEM MANAGEMENT BILL


to provide for the establishment, management, administration, operation, regulation, oversight and supervision of payment, clearing and settlement systems in Namibia; provide for the continuation of the Payment System Management Body as the Payments Association of Namibia; provide for the powers and functions of the Bank in relation to ensuring an accessible, safe, secure, efficient and effective national payment system; provide for the licensing and authorisation of payment instruments, payment service providers and payment system operators; regulate the issuance of electronic money and operations of trust accounts; provide for the designation of payment, clearing and settlement systems; provide for settlement of disputes between payment service providers and disputes between the Association or payment system operators, payment service providers and the Bank; provide for the repeal of the Payment System Management Act, 2003; and provide for incidental matters.


Bill Passage

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National Assembly


1st Reading

2nd Reading

Committe Stage

3rd Reading

National Council


1st Reading

2nd Reading

Committe Stage

3rd Reading

Final Stages

Consideration of amendments


President Assent


President Assent

Referrals to Committees

Standing committees are permanent panels identified in Chamber rules, which also list the jurisdiction of each committee. Because they have legislative jurisdiction, standing committees consider bills and issues and recommend measures for consideration by the House.


House Standing Committee Name Date Assigned Members Reports

Debates on the Bill

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Bill Publications

Full text of the Bill as introduced and further versions of the Bill as it is reprinted to incorporate amendments (proposals for change) made during its passage through Parliament.


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