The Banking Act CAP 488

Auditor’s duty of confidence

(1) No duty to which an auditor of an institution may be subject shall be regarded as contravened by reason of his communicating in good faith to the Central Bank, whether or not in response to a request made by it, any information or opinion on a matter to which this Part applies and which is relevant to any function of the Central Bank under this Act.
(2) This section applies to any matter of which an auditor becomes aware in his capacity as an auditor or in the discharge of his duties under this Part and which relates to the business or affairs of the institution or any associate of that institution.
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The Banking Act CAP 488▤

Amendments of other laws

The several written laws specified in the first column of the Second Schedule are amended, in relation to the provisions thereof s…

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The Banking Act CAP 488▤

Repeal and savings

(1) The Banking Act (No. 56 of 1968) is repealed. (2) Notwithstanding subsection (1), whereupon the commencement of this Act any b…

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The Banking Act CAP 488▤

Regulations

(1) The Central Bank may make regulations generally for carrying out the purposes and provisions of this Act. (2) Without prejudic…

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The Banking Act CAP 488▤

Limitation of right to privacy

(1) The right to privacy guaranteed under Article 31 of the Constitution is hereby limited under Article 24 of the Constitution on…

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