Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part IX · Miscellaneous
123A. Provisions relating to approvals, consents, standards, specifications, notices, requirements or directions
Feedback & supportUnless otherwise expressly provided, any approval or consent granted, or any standards, specification, notice, requirement or direction specified or issued under this Act—
standards
“standards” includes any obligation or requirement as specified by the Bank under this Act and such standards may contain any interpretative, incidental, supplemental, consequential and transitional provisions; *NOTE—The Companies Act 1965 has been repealed by the Companies Act 2016 which comes into operation on 31 January 2017–see subsection 620(1)…
may be either general or specific;
may be amended or revoked by the Minister or the Bank, as the case may be; or
shall be issued or communicated in such manner as the
Bank thinks appropriate and shall be valid for all purposes.
Any approval or consent under subsection (1) may be—
absolute or conditional; or
limited so as to expire on a specified date, unless renewed.
Where power is given to the Minister or the Bank under this Act to make any specification, the Minister or the Bank shall have the power to specify differently for different persons or different classes, categories or descriptions of persons.
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;