Rule 5, International Financial Services Centers Authority Act Rules, 2022 [S2A-ZY7]
As at 7 September 2026. In force from 14 April 2022.
5. Conditions of licence.—A licence granted under section 6 of the Act shall be subject to the following conditions, namely:— (a) the licensee shall not undertake the business of banking at any place other than the place specified in the licence; (b) the licensee shall maintain the records specified in rule 6; (c) the licensee shall permit the authorised officer to inspect the premises at all reasonable times.
Defined terms in this text (1)
banking: Section 5(b), Banking Regulation Act: "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise;
banking: Section 2, Forfeited Deposits Act, 1850 [S11A6B] (In this Act, unless the context otherwise requires,—): "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise
banking: Section 2, Rent Recovery Act, 1853 [S11HSK] (In this Act, unless the context otherwise requires,—): "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise
banking: 25 more definitions.
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