# The Payment and Settlement Systems Act, 2007, Section 20: System provider to act in accordance with the Act, regulations, etc

- Act: The Payment and Settlement Systems Act, 2007 (Act 51 of 2007)
- In force from: 2008-08-12
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/payment-settlement-systems-act-2007/section/20/

## Text

Every system provider shall operate the payment system in accordance with the provisions of this Act, the regulations, the contract governing the relationship among the system participants, the rules and regulations which deal with the operation of the payment system and the conditions subject to which the authorisation is issued, and the directions given by the Reserve Bank from time to time.

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