NTAX definition
Examples of NTAX in a sentence
The CBX and the NTAX shall cooperate with each other for the oversight and supervision of DFSPs and MNO communications networks under their respective financial and telecommunications mandates to ensure the highest levels of security, reliability, consumer protection, fair and equitable access to facilities, and confidentiality.
The NTAX shall undertake continuous monitoring of the licensed frequencies operated by the MNOs so as to ensure that no unauthorized radio frequency devices are being used on these frequencies to, inter alia, capture customer information and to disrupt MNO communications with their customers.
This monitoring may be undertaken jointly between the NTAX and the MNOs as may be necessary.
The National Telecommunications Authority of (the X-country) (hereafter, NTAX) represented by the Head of the Authority, Mr. ▇▇▇▇ ▇▇▇ whose role is to, inter alia, regulate telecommunications and information technology services in (the X-country).
Since the CBX has general powers in relation to financial transactions, and the NTAX has general powers over the provision of mobile telecommunications services, a potential overlap between the functions of the CBX and NTAX (hereinafter, the ‘Authorities’) exists in relation to oversight and supervision over DFS.
Any breaches and intrusions that may have an effect on the operation and financial security of DFS in (the X-country) shall be expeditiously reported by the NTAX to the CBX.
Recognizing too that both the CBX and the NTAX each have limited scope of supervision and oversight of components of DFS, this MOU is entered into to establish the manner in which the Authorities will jointly oversee, supervise, and interact with each other in respect of any matters relating to DFS that touch on their respective mandates and remits, and so together strengthen and/or address any gaps in the regulatory, supervisory and oversight framework for DFS in (the X-country).
Any information obtained and then shared by the CBX and NTAX pursuant to this MOU shall be used only for lawful supervisory or statutory purposes.