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Contents

Part I PRELIMINARY

Part II CONTROL OF DEPOSIT-TAKING ACTIVITIES

Part IIA MINIMUM CAPITAL REQUIREMENTS

Part IIB EXCLUSION OF LIMITS ON EQUITY INVESTMENTS

Part III EXCLUSION OF CERTAIN INVESTMENTS AND WHOLLY-OWNED SUBSIDIARIES

Part IV PROPERTY SECTOR EXPOSURE

Part V APPLICATION OF SECRECY PROVISIONS TO MERCHANT BANKS

Part VI EXCLUSION OF NON-BENEFICIAL INTERESTS IN OR RIGHTS OVER IMMOVABLE PROPERTY

Part VII COMPUTATION OF MAJOR STAKES

Part VIII LIMITATION OF MUTUAL SHAREHOLDINGS

Part IX PRESCRIBED BUSINESSES

Part X EXPOSURES AND CREDIT FACILITIES

Part XI TRANSFER OF BUSINESS AND SHARES AND RESTRUCTURING OF BANK

Part XII DEPOSIT LIABILITIES OF BANK

Part XIII compoundable offences

FIRST SCHEDULE Quarterly Reporting for Section 35, Banking Act

SECOND SCHEDULE Secrecy Provisions Applicable to Merchant Banks

THIRD SCHEDULE Exceptions to Secrecy Obligation of Merchant Banks

FOURTH SCHEDULE Requirements for Reports to be Submitted to Authority

Legislative History

 
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Authorising Act | Legislative History | Amendment Annotation off
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On 20/05/2013, you requested for the version in force on 20/05/2013 incorporating all amendments published on or before 20/05/2013. The closest version currently available is that of 14/02/2011.
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PART VI
EXCLUSION OF NON-BENEFICIAL INTERESTS IN OR RIGHTS OVER IMMOVABLE PROPERTY
Exclusion of non-beneficial interests in or rights over immovable property from section 33 of Act
11.  For the purposes of determining the aggregate value of the interest in or right over immovable property referred to in section 33(1) of the Act, there shall be excluded such portion of the value of any interest in or right over immovable property or any part thereof held for the benefit of persons other than the bank pursuant to an obligation imposed under any written law, rule of law, contract or order of court.