Banking act 2004 pdf

The banking exchange of information regulations, 2004, are repealed. The banking deposit protection fund regulations,2003. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Application of act part ii licensing of banks and other financial institutions 4. Enacted by the parliament of the united republic of tanzania. No person other than a body corporate incorporated in ghana shall carry on the business of banking in ghana. Banking act act 35 of 2004 10 november 2004 unless otherwise indicated arrangement of sections section part i preliminary 1. Subsidiary legislation of banking act singapore statutes. Short title this act may be cited as the banking act 2004. Standard chartered plc by evan mervyn davies, cbe group chief executive standard chartered bank by. Here we have listed the acts related to banking sector.

An act of parliament to amend the banking act enacted by the parliament of kenya, as follows 1. However, the banking act 1969 was the first legislation for the establishment and operations of commercial and merchant banks in the country. The banking act 2004 2004 act was enacted in october 2004 and came into operation by proclamation on 10 november 2004. Negotiable instrument act1881 the bankersbooks evidence act1891 the reservebank of india act1934 the industrial finance corporation of india act1948 the banking companies legal practitioner clients accounts act1949 the industrial disputes banking and insurance companies act1949. The banking exchange of information regulations, 2004, repealed by ln97 of 2008. Bank of ghana act 2002, act 612 239 banking act 2004, act 673 4067 financial administration act 2003, act 654 68103 foreign exchange act, 2006 act 723 104122 internal audit agency act 2003, act 658 1234 longterm savings scheme act 2004, act 679 5163 payment systems act 2003, act 662 164174 public procurement act 2003, act 663 175252. The bank of mauritius act 2004 act 342004 12th october 2004 proclaimed by proclamation no. Act 930 banks and specialised deposittaking institutions act, 2016 8 application of act 179 2. Parliament of the republic of ghana banking act 2004. Federal reserve act as amended to december 24, 1919 1920.

The central bank accepts no liability for any loss arising of it use. Preliminary matters application of the companies act. This act may be cited as the banking act 20 and shall. Examination of books of person carrying on banking business without a. Bank of tanzania an act to provide for more responsive regulatory role of the bank of tanzania in relation to the formulation and implementation of monetary policy. Any changes that have already been made by the team appear in the content and are referenced with annotations. The banking fees regulations, 1994 the banking increase of rate of banking and other charges regulations, 2006. Provisions of rbi act 1935, banking regulation act 1949, prevention of money laundering act, 2002. Subsidiary legislation of banking act singapore statutes online. Interpretation in this act affiliate, in relation to a financial institution, means a subsidiary of the financial institution or a company of which the financial institution is a subsidiary or a company that is under common control with the financial institution. Banksand other financial institutions act an act to regulate banking and other financial institutions and.

Government and rbis powers opening of new banks and branch licensing constitution of board of directors and their rights banks share holders and their rights crr and slr concepts cash. I in this act, unless the context otherwise requires appointed day means the commencement of this act. There are outstanding changes not yet made by the legislation. Banks and financial institutions act 2000, being an act to make new provision for the licensing and regulation of banks and licensed financial institutions, and to repeal various acts and to make consequential amendments to various acts, and for related purposes.

This act contains provisions on banking and financing business. Balancing inclusive growth with financial stability i table of contents acknowledgements ii list of figures and tables ii 1 introduction 1 2 structure and role of the financial sector in the ghanaian economy 2 2. Parliament of the republic of ghana banking act 2004 act. The act does not apply to activity engaged in by the riksbank. Banking act, 2004 act 673 5 part ii licenslng of banks eligibility restricted to ghanaian corporate bodies 3. The banking act in this act referred to as the principal act is amended by inserting the following new section immediately after section 31. Steagall of alabama who had been in the house for the preceding 17 years.

Pdf icon parliament of the republic of ghana banking act 2004 act 673. Introductory provisions area of application of the act section 1. Practical banking, with a survey of the federal reserve act 1915. Overview of acts applicable to the financial sector in switzerland. The nationalbank act as amended, the federal reserve act and other laws relating to national banks 1920. Senator carter glass of virginia who in 1932 had been in the house, secretary of the treasury, or in the senate, for the preceding 30 years, and representative henry b. In this title, the term hybrid instrument means an identified banking product not excluded by section 403 of this act, offered by a bank, having one or more payments. Reserve bank of india was vested with extensive powers for the supervision of banking in india as a central banking authority. This copy of the financial institutions act, 2004 has been updated for informational purposes to include amendments made under act 24 of 2008, act 11 of 2009 and act 23 of 2011 the central bank accepts no liability for any loss arising of its use. S 788 2004 banking exemption from sections 15a and 15b order 2008. Act, as in effect on the date of the enactment of the commodity futures modernization act of 2000, at the time the persons enter into the swap agreement.

The banking act 2004 act 673 is an act passed by the parliament of the. To amend and consolidate the laws relating to the business of banking and other financial institutions and to provide for related matters. Banking act 2009 2009 chapter 1 an act to make provision about banking. This act may be cited as the banking and financial services act. The present act lays down the principles of carrying out banking activity, establishing and organising banks, including branches and representative offices of foreign banks, and branches of credit institutions, and also the principles of the exercise of banking supervision, reorganisation, liquidation and bankruptcy proceedings of banks. The banking act the parliament of romania passes the present law chapter i general provisions section 1 scope of the law rules and regulations art.

The 2004 act repealed the former banking act 1971 and foreign exchange dealers act 1995, and consolidated the laws relating to the business of banking and. Enacted by the parliament of mauritius, as follows part i preliminary 1. Notification of noncompliance with minimum liquidity. Banking act, 2004 act 673 7 a with the organisational and infrastructural arrangements made by the applicant, and b that the applicant has complied with the terms and conditions stipulated in the provisional approval refusal of licence 9. Acts iii, xvii of 2009, ii of 2010, ii, x of 2011, xx of 20, x, xxi of 2015, x, xxxi of 2017. Interpretation in this act affiliate, in relation to a financial institution, means a subsidiary of the financial institution or a company of which the financial institution is a subsidiary or a company. Those changes will be listed when you open the content using the table of contents below. Banking under the banks and other financial institutions. The 2004 act is the enabling legislation for all financial institutions falling under the purview of the bank of mauritius. The sponsors of both the banking act of 1933 and the glasssteagall act of 1932 were southern democrats.

Banking act, 2004 arrangement of sections section part i preliminary matters 1. This act may be cited as the banking act interpretation 2. Banking act ministry of justice government of jamaica. This act may be cited as the banking amendment act, 2016. Improving supervision of financial services in ghana bank of ghana 26th may 2016 b a n k o f g h a n a.

View test prep banking act 2004 act 673 from act 673 at st. S 2412007 banking inducement to use credit card or charge card for purchase of residential property regulations. The 2004 act repealed the former banking act 1971 and foreign exchange dealers act 1995, and consolidated the laws relating to the business of. Principles to take into account when performing functions. The bofia was enacted in 1991 along with a new cbn law to ensure close monitoring and. Its purposes, implementation, and effects not only reflects these objectives, but reaffirms our intentions to bring about a greater understanding of the u. Made by the national parliament to come into operation in accordance with a notice. Be it enacted by the queens most excellent majesty, by and with the advice and consent of the house of assembly and the senate of territory, and by the authority of the same, as follows. Ministry of finance the banking and finance business act 2004. In romania, the business of banking is performed by the national bank of romania and by banks. Act and by the department pursuant to section 39 of the new york state banking law.

This english translation of the banking act has been prepared, reflecting up to. This copy of the central bank act, 2004 has been updated for informational purposes to include amendments made under act 25 of 2008, act 8 of 2009, act 12 of 2009 and act of 2011. Improving supervision of financial services in ghana bank of ghana 26th may 2016 b a n k o f g h a n a est. The banking act 2004 act 673 is an act passed by the parliament of the republic of ghana to amend and consolidate the laws relating to banking, to regulate institutions which carry on banking business and to provide for other related matters. Alteration of memorandum and articles of association. This act may be cited as the banking act 201and shall come into5.

An act to consolidate and amend the law regulating the business of banking. Other legal entities may be authorised to perform banking operations in compliance with the. Indexdigest of the federal reserve act and amendments board of governors of fed res system 1918. The updated version of the act is intended for guidance only and.