45. Regulation &c, to be binding

Every regulation made by the Minister, and every rule, instruction, directive, direction and guideline as the case may be, issued under this Act shall be binding on all parties involved in the handling of a payment order or the disposition of a security, and shall supercede any inconsistent agreement, including inter-bank clearing rules and other agreements, to the extent of the inconsistency.

In the implementation of the provisions of this Act the