Section 115
Prudential requirements on financial holding company and subsidiaries
of Financial Services Act 2013
ActIn forceProvision 115 of 124
Section 115
(1)
Subject to subsection (2), Part V shall apply to a financial holding company as if references in that Part to an “institution” or a
“licensed person” are references to a “financial holding company”.
(2)
The Minister may, on the recommendation of the Bank, by an order published in the Gazette, provide that all or any provision of