CRD Welcome Package

BANKING ACT, [2015]

[TERRITORY]

No. [ ….. ] of [2015]

ARRANGEMENT OF SECTIONS

Section

PART I PRELIMINARY

1. 2.

Short title and Commencement

Interpretation

PART II LICENCES

Requirement for Licence 3. Examination of books of person carrying on banking business without a 4. licence Appointment of receiver for failure to hold licence 5. Repayment of funds obtained without licence 6. Application for licence 7. Grant or denial of licence 8. Licence fees and penalty for default 9.

Permissible activities 10. Conditions for licence 11. Variation of condition for licence 12. Register of licensed financial institutions 13. Revocation of licence 14. Requirement to inform Minister for Finance 15. Restricted words, names, and practices 16. Display of licence certificate 17.