Banking and Financial Institutions Act 1989 · s 3

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 3

(1)

The Bank shall have all the functions and powers conferred, and the duties imposed, on it by this Act, and the same shall be in addition to those conferred and imposed under the Ordinance.

(2)

The Bank may authorise or instruct any officer or employee of the Bank to perform any of the functions, exercise any of the powers, or discharge any of the duties, of the Bank under this Act.

(3)

The Bank may, either generally or in any particular case, appoint any person who is not an officer or employee of the Bank, to render such assistance as it may specify in the exercise of its powers, the performance of its functions, or the discharge of its duties, under this Act, or to exercise, perform or discharge the same on behalf of and in the name of the Bank.