Regulations Concerning the Licensing and Operations of Electronic Payment Services in Liberia 20.0 ROLE OF THE NATIONAL ELECTRONIC PAYMENT SWITCH .................................. 15 21.0 SWITCHES (SWITCHING COMPANIES) ........................................................................... 15 22.0 ELECTRONIC PAYMENT CHANNELS .................................................................................... 16 IV. OVERSIGHT .............................................................................................................................................. 16 23.0 CBL POWERS .................................................................................................................................... 16 24.0 REPORTING........................................................................................................................................ 16 PART V. 25.0 STANDARDS ON APPLICATION AND SYSTEM SOFTWARE ............................ 17 STANDARDS FOR ELECTRONIC CHANNELS .................................................................... 17 PART VI – REMEDIAL MEASURES AND ADMINISTRATIVE SANCTIONS ....................... 17 26.0 PENALTIES............................................................................................................................................. 17 27.0 AMENDMENTS ...................................................................................................................................... 18 APPENDIX 1: CENTRAL BANK OF LIBERIA POS SCHEMES MONTHLY RETURN ........ 19 APPENDIX 2: CENTRAL BANK OF LIBERIA ATM SCHEMES MONTHLY RETURN ........ 20 APPENDIX 3: CENTRAL BANK OF LIBERIA e-PAYMENTS QUARTERLY RETURN ...... 21 APPENDIX 3A: CENTRAL BANK OF LIBERIA -POS QUARTERLY RETURN ..................... 21 APPENDIX 4: APPLICATION FOR A PAYMENT SERVICE LICENCE.................................... 22 3