No.12
2015
SCHEDULE (Section 43)
MINOR AMENm.Ih'l'I'S TO BANKING AcT [CHAP1ER
Provision
24:20]
Extent ofamendment
Sections 2(1) (in the definition
of"board"), 18(la), (4) &
(5), 19(1) & (2)(b), 20(3) &
(4), 25(1) & (9), 47(1), (2) &
(3), 48(1) & (2), 49(1), (2),
(3) & (4), 50(2)(a) & (3),
51(1), 52(1)
By the insertion after "banking institution" \vherever it occurs of "or controlling company".
Section 2(1) (in the definition of
"Registrar")
By the deletion of"subsection (3) of that section"
and the substitution of "subsection (2) of
section 4A".
Sections 4(2), 19(2)(a), 46(1)
(a), 81(2)(c)
By the insertion after "banking institutions" of
"and controlling companies".
Section 18(1a)
By the repeal of the proviso.
Section 18(5)(a)
By the deletion of "institution's banking business" and the substitution of"business of the
institution or company".
Sections 18(5)(b), 48(l)(f)
By the deletion of"banking".
Sections 20( 1) and 36(1)
By the insertion after "banking institution" of
"and controlling company".
Section 25(1)
By the deletion of "banking institution's issued
share capital" and the substitution of"issued
share capital of the banking institution or
controlling company concerned".
Section 28(1)
By the repeal of the definition of"foreign banking
institution".
Section 36(1)
By the deletion of "institution's operations and
financial condition" and the substitution of
"operations and financial condition of the
banking institution or controlling company".
Section 36(3)
By the deletion of "accordance with such" and
the substitution of "compliance with such
requirements and".
Section 46( 1)(b)
By the deletion of "or class of such institution"
and the substitution of", controlling company
or class of banking institutions or controlling
companies,".
Section 47(1)(a)
By the deletion of "institution's banking business" and the substitution of"business of the
institution or company".
Section 4 7(1 )(b)
By the deletion of "of the institution's"
Section 47(1)(c)
By the deletion of "banking business" and the
substitution of "business".
Section 47(1)(d), (e) & (f)
By the deletion of"ofthe banking institution's".
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