16. Surrender of licence

(1)

A licensee proposing to surrender its licence shall give the

Bank written notice informing the Bank of the proposed surrender of the licence, reasons for the surrender and the date on which the surrender is to take effect.

Money Services Business 27

(2)

The licensee shall forward the licence to the Bank within fourteen days from the date on which the surrender is to take effect.

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Part III

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Part IV

Remittance Business

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Part V

Money Services Business Agents

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Part VI

Examination

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Part VII

Investigation and Enforcement

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Part VIII

Other Powers of the Bank

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Part IX

Miscellaneous

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Part X

Repeal, Savings and Transitional

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