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Section 120

of Banking and Financial Institutions Act 1989

ActIn forceProvision 121 of 144

Section 120

(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.