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In force2020 Revised Edition

Part 3 · Licensing of Banks

14B. Condition for issue of certificate of approval

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(1)

The Minister must not issue a certificate of approval under section 14A unless the application thereof is supported by satisfactory evidence that the applicants have complied with the requirements of that section in relation to the merger.

(2)

Nothing in this Act is to be construed as precluding the Minister from refusing to issue or approve the issue of any certificate of approval under section 14A and any decision of the Minister under that section is final and must not be called in question in any court.

Report

Part 4

Reserve Funds, Dividends, Balance Sheets and Information

Part 5

Prohibited Business

Part 6

Minimum Asset Requirements

Part 7

Powers of Control Over Banks, Etc.

Part 7A

Transfer of Business

Part 7B

Merchant Banks

Part 8

Credit Card and Charge Card Businesses

Part 9

Miscellaneous

Schedules