Regulatory Alerts2022-02-27
Declarations and exemptions for non-bank deposit takers
The regulator has published details regarding exemptions granted to licensed non-bank deposit takers and their trustees from specific provisions of the Non-bank Deposit Takers Act 2013. The document outlines the statutory powers under Section 70 to grant exemptions and provides the application process for entities seeking such relief. It also describes the declaration power under Section 73 and the 2015 Regulations, noting that no entities are currently declared out of the NBDT definition.
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