Banking and Financial Institutions Act 1989 · s 67

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s 67

Subject to anything prescribed under section 60 (9), the Bank may specify limitations, terms and conditions in respect of the giving of any class, category or description of credit facilities to be given by any licensed institution, including the giving of any credit facilities to any person—

(a)

for the purpose of financing—

(i)

the purchase of shares or the making of any payment that may be due on shares already purchased; or

(ii)

the purchase or development of immovable property; or

(b)

on the security of shares or immovable property.