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4. Amendment of section 4

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Section 4 of the principal Act is amended—

(a)

in subsection (2), by inserting after the word “authorize”

the words “a Deputy Governor or”;

(b)

by inserting after subsection (2) the following subsection:

“(2a)  The Bank may establish and authorize a committee consisting of members as the Bank may determine to perform any or all of its functions under this Act on behalf of and in the name of the Bank.”;

and

(c)

in subsection (3), by inserting after the words “any or all of its functions” the words “on behalf of and in the name of the Bank”.

Report

Division 1

Division 2

Division 3

Division 4

Schedules