S.L. 406.22 Art. 10Delegation.

(1) Payment service providers responsible for submitting any information or notification required by these regulations may delegate the task of submitting the required information or notifications to an appointed third party on their behalf. Such delegation shall not effect in any manner the obligations of the payment service provider to report such information or be deemed to shift in any way any liability to the appointed third party.

(2) Any payment service provider who delegates the task of submitting any information or notification required by these regulations in accordance with sub-regulation (1) shall ensure:

(a) to notify the Commissioner of such delegation by means of an electronic submission through the designated web portal mentioned in regulation 4(2) and provide such details as regards the delegated third party as may be requested;

(b) that the appointed third party is provided with all information necessary to fulfil their delegated task:

Provided that the Commissioner reserves the right to accept, or otherwise, any third party appointed in terms of this regulation and such decision shall not be contested in any appeal.