Under the Act, the Council is to
have a maximum of 20 members and be broadly representative of users of
the payment system and service providers to it. Minimum levels of
representation for these categories have been incorporated in the
General By-law, whereby:
- A minimum of 12 members represent payment system users, including:
- at least two representatives of consumers;
- at least one representative of the retail sector;
- at least two representatives of governments; and
- at least one representative of the treasury and cash
management sector.
- A minimum of one member represents service providers to the
payment system.
In addition, two positions have been allocated to CPA Board members
so as to facilitate the exchange of ideas between stakeholders and the
Board. The remaining seats are open to either payment system users or
service providers. |
