Banking and Financial Institutions Act 1989 · s 27

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s 27

No person, other than a licensed bank, a licensed finance company, a licensed merchant bank or a licensed discount house, shall issue or publish, or otherwise facilitate any person to issue or publish, an advertisement containing—

(a)

an invitation to make a deposit or enter into or offer to enter into any agreement to make a deposit; or

(b)

information which is intended or might reasonably be presumed to be intended to lead directly or indirectly to the making of a deposit:

Provided that the above prohibition shall not apply to the publication by any person of any such advertisement for or on behalf of a licensed institution as mentioned above.