Clause 2

by inserting, immediately before the definition of “the Authority”, the following definition:“ “agreement” means an agreement whether formal or informal and whether express or implied;”;

by inserting, immediately after the definition of “company”, the following definition:“ “credit facilities” means —

the granting by a bank of advances, loans and other facilities whereby a customer of the bank has access to funds or financial guarantees; or

the incurring by a bank of other liabilities on behalf of a customer;”;

by inserting, immediately after the definition of “licence”, the following definitions:“ “officer”, in relation to a corporation, includes —

a director, secretary or employee of a corporation;

a receiver or manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and

the liquidator of a company appointed in a voluntary winding up;“person” includes a corporation;”;

by deleting the definition of “place of business” and substituting the following definition:“ “place of business”, in relation to a bank, includes a head or main office, a branch, an agency, a representative office, a mobile branch of the bank, any office established and maintained for a limited period only and any other place used by the bank for the dispensing or acceptance of money on account or for the conduct of other banking business;”; and

by inserting, immediately after the definition of “savings account liabilities”, the following definition:“ “share”, in relation to a bank, means a share in the share capital of a bank and includes an interest in such a share;”.