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Part XV · General Provisions

Section 120

(1)

The Minister may, on the recommendation of the Bank, at any time by notice in the Gazette, declare any day or days to be a holiday or holidays for all licensed institutions, or for any class, category or description of licensed institutions.

(2)

No licensed institution shall do any business with the public on any day declared a holiday for such licensed institution under the provisions of subsection (1).

(3)

A day declared as a holiday under the provisions of subsection (1) shall not necessarily be a public holiday and nothing in this section shall affect the provisions of any written law relating to public holidays.

(4)

Any reference to a holiday for licensed institutions, or for any class, category or description of licensed institutions, in any written law shall include—

(a)

any day declared to be a holiday under the provisions of subsection (1); and

(b)

any day which is a public holiday within the meaning of any written law relating to public holidays.

Report

Read on from s 121

Part XVI

Read on from Part XVI

Schedules