Section 3
Prescription by Minister of additional business or activity
of Financial Services Act 2013
The Minister may, on the recommendation of the Bank, prescribe—
(a)
any business or activity as an addition to the definition of—
(i)
“banking business”;
(ii)
“investment banking business”;
(iii)
“financial intermediation activities”;
(iv)
“factoring business”; or
(v)
“leasing business”, and upon such prescription, the definition as added to shall be deemed to be an integral part of this Act as from the date of commencement of such prescription, or from such later date as may be specified in the order; and
(b)
any business, service or activity in relation to a financial service as a financial advisory business for the purposes of the definition of “financial advisory business” under subsection 2(1).
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