Regulatory Alerts2009-01-01
Financial Institutions (Amendment) Act 2009-17
The Parliament of Barbados enacted the Financial Institutions (Amendment) Act 2009-17 to amend the Financial Institutions Act. The legislation removes the phrase "from the public" from the definition of banking business in section 2 of the principal Act. It also inserts a new section 112A exempting societies registered under the Co-operative Societies Act and the Friendly Societies Act from the provisions of the Financial Institutions Act.
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