The Financial Institutions Act - Finance and Banking

31st december, 1992. (2) a licensee which contravenes subsection (1) shall be guilty of an offence. 13.?(1) a licensee shall not? prohibited business. (a) engage in any trade save in so far as may be neces- sary in the ordinary course of its operation

The Financial Institutions Act - Finance and Banking

31st december, 1992. (2) any company which, immediately prior to the 31st december, 1992, was licensed as a licensee under the repealed act (hereinafter referred to as an existing licensee) shall, subject to the provisions of this act, be deemed td be li

The Financial Institutions Act - Finance and Banking

31st december, 1992. (5) where prior to the 31st december, 1992, a licensee had issued subordinated debentures with the approval of the minister and was permitted to treat such debentures as capital in the calculation of its permissible total of deposit