Section 29
Voluntary deregistration
ActIn forceProvision 29 of 70
Section 29
(1)
A registered currency processor proposing to cease from carrying on currency processing business shall give a notice to the
Bank for voluntary deregistration and may propose an effective date for the voluntary deregistration.
(2)
The Bank shall, upon receipt of a notice under subsection (1), deregister a registered currency processor in accordance with the proposed effective date stated in the notice, if any, or such later date as the Bank deems fit.
(3)
The Bank shall notify a registered currency processor of the effective date of its voluntary deregistration under this section.