Repeals the Financial Institutions Act 1991 and provides for authorising, supervising and regulating banking and non-banking financial institutions, their agents and ancillary service providers. The Central Bank is the Commissioner (s. 2). It covers licensing (ss. 5-16), revocation (s. 16), administrative penalties (s. 32), and fit-and-proper rules for directors and officers (ss. 43-47). The CBL legislation page also lists a Financial Institutions (Amendment) Act, 2023.
Spotted something wrong, missing or worth adding? Tell our editors. Every submission
is reviewed and verified against its source before anything changes — nothing you send appears on the
site automatically.
Thank you — our editors will review this
Your suggestion has been received. Contributions from practitioners keep these profiles accurate. Nothing appears on the site until an editor has verified it against its source.
Create a free account to keep reading
You've used your free views for this month. A free account removes the limit —
no credit card, under a minute.
