Section 23

No person, not being a person referred to in section 19 (2), shall assume or use the words "building credit", "building society", "charge card", "credit card", "credit token", "development finance", "factoring" or "leasing", "traveller's cheque", or "travellers' cheque", or any derivatives of these words in any language, or any other words in any language capable of being construed as indicating the carrying on of such business in relation to the business or any part of the business carried on by such person, or make any representation to such effect in any bill head, letter paper, notice, advertisement, or in any other manner whatsoever, unless it is a scheduled institution which, or in the case of a person carrying on a scheduled business immediately before the effective date, within ninety days after the effective date, has complied with the requirements of section 21 (1) and has obtained a written acknowledgement from the Bank in respect thereof.