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In forceAmended2020 Revised Edition

Part 2 · Appointment of Assistants

3. Appointment of assistants

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Amended

Last amended by an amending law of 2025.

(1)

Subject to subsection (1A), the Authority may appoint any person to exercise any of its powers or perform any of its functions or duties under this Act, either generally or in any particular case, except the power to make subsidiary legislation.

(1A)

The Authority may appoint one or more of its officers to exercise the power to grant an exemption to any person (not being an exemption granted to a class of persons) under a provision of this Act specified in the Fourth Schedule, or to revoke any such exemption.

(1B)

An appointment under subsection (1A) must be published in the Gazette.

(2)

Any person appointed by the Authority under subsection (1) is deemed to be a public servant for the purposes of the Penal Code 1871.

Report

Part 3

Licensing of Banks

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