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Contents

Part VI · Restrictions on Dealings of Licensed Institutions

33. Unless the Minister, on the recommendation of the Bank, otherwise prescribes—

(a)

a licensed finance company, licensed merchant bank or licensed discount house shall not—

(i)

accept money on deposit which is repayable on demand by cheques, drafts, orders or any other instrument drawn by the depositor on the institution; or

(ii)

deal in foreign currency; and

(b)

a licensed finance company, a licensed merchant bank, a licensed discount house or a licensed money-broker shall not engage in any business other than its licensed business.

Report

Part VII

Financial Requirements and Duties of Licensed Institutions

Part VIII

Ownership, Control and Management of Licensed Institutions

Part IX

Restrictions on Business of Licensed Institutions

Part X

Powers of Supervision and Control Over Licensed Institutions

Part XI

Investigation, Search and Seizure

Part XII

Application of Parts X and XI to Non-Scheduled Institutions Engaged in Provision of Finance

Part XIII

Information and Secrecy

Part XIV

Offences

Part XV

General Provisions

Part XVI

Schedules