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Finance (Provision of Access to Cash Infrastructure) Act 2025 (No. 4)Introductory TextActs Referred toPart 1 Preliminary and general (ss. 1-4)1. Short title and commencement2. Interpretation3. Expenses4. Regulations and orders made by MinisterPart 2 Access to cash (ss. 5-12)5. Access to cash criteria6. Bank to collect and publish information relating to cash infrastructure7. Local deficiencies8. Guidelines9. Monitoring and enforcement10. Designated entities11. Access fees12. Power of Bank to require information, records, plans, etc.Part 3 Registration of ATM deployers and CIT providers (ss. 13-28)13. Definitions (Part 3) 14. Obligation on ATM deployers and CIT providers to register with Bank15. Register of ATM deployers and CIT providers16. Transitional provision for existing ATM deployers and CIT providers17. Application for registration18. Grant and refusal of applications for registration19. Bank may impose conditions on CIT provider when granting application for registration20. Offence to fail to comply with condition imposed under section 1921. Term of registration22. Bank may amend registration23. Regulatory disclosure statement24. Revocation of registration on application of holder25. Revocation of registration other than on application of holder26. Bank to publish notice of revocation27. Direction not to carry out business other than as directed28. Sharing of information and cooperation between Bank and Private Security AuthorityPart 4 Miscellaneous powers of bank (ss. 29-42)29. Definitions (Part 4) 30. Bank’s power to make regulations31. Prescribed requirements for ATM operators32. Offence to fail to comply with prescribed requirements33. Retention of records34. Bank’s power to give directions35. Bank may apply to High Court for orders enforcing directions36. Power to appoint authorised officers37. Powers of authorised officers38. Offences and penalties39. Offences by bodies corporate40. Bank’s power to prescribe levies41. Bank’s power to prescribe fees42. Surplus or deficiency in income of Bank during financial yearPart 5 Consequential amendments (ss. 43-49)43. Amendment of section 32C of Act of 194244. Amendment of section 32L of Act of 194245. Amendment of section 33AK of Act of 194246. Amendment of section 57A of Act of 194247. Amendment of section 61G of Act of 194248. Amendment of Schedule 2 to Act of 194249. Amendment of Schedule 5 to Companies Act 2014Part 6 Miscellaneous amendments (ss. 50-51)50. Amendment of section 17A of Central Bank Reform Act 201051. Amendment of Central Bank (Supervision and Enforcement) Act 2013
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AI Summary of 24. Revocation of registration on application of holder

The Bank may revoke a registration at the request of the holder, conditional upon the holder's compliance with specified requirements. These include adherence to a direction under section 12, for Cash-in-Transit (CIT) providers, observance of any conditions imposed under section 19, and compliance with any amendments to registration as per section 22. Additionally, the holder must respond to a direction under section 27, meet any prescribed requirements applicable to ATM deployers, and fulfil obligations to retain records under section 33.

The revocation process further mandates that the holder abide by a direction under section 34. Each of these stipulations must be satisfactorily met to proceed with the registration revocation.

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Version status: In force | Document consolidation status: No known changes
Version date: 30 June 2025 - onwards
Version 2 of 2

24. Revocation of registration on application of holder

The Bank shall revoke a registration on the application of the holder, but only if satisfied that the holder has complied with all of the following, where applicable:

(a) a direction under section 12;

(b) where the holder is a CIT provider, any condition imposed on it under section 19;

(c) any amendment to a registration under section 22;

(d) a direction under section 27;

(e) where the holder is an ATM deployer, any prescribed requirement;

(f) the obligation to retain records under section 33;

(g) a direction under section 34.

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