Declaration of institutions as financial institutions

Current

For the purposes of the definition of financial institution in section 3(1) of the Act, an institution that carries on a business involving—

(a)

the acceptance of money on deposit or by way of investment;

(b)

the acceptance of money for the purpose of securing it in a safety deposit box or other safe custody facility, is declared to be a financial institution.

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5 Declaration of institutions as financial institutions