Question

    Section 34 of the Payment and Settlement Systems Act

    exempts which entities from its application?
    A Clearing system Correct Answer Incorrect Answer
    B Designated trade issuer Correct Answer Incorrect Answer
    C Government regulatory agencies Correct Answer Incorrect Answer
    D System providing settlement services Correct Answer Incorrect Answer
    E Clearing corporations of stock exchanges Correct Answer Incorrect Answer

    Solution

    Clearing corporations of stock exchanges, Explanation: Section 34 - Act not to apply to stock exchanges or clearing corporations of stock exchanges—Nothing contained in this Act shall apply to stock exchanges or the clearing corporations of the stock exchanges.

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