Regulatory Alerts2012-11-21
Financial Institutions (Domestic Banking Business) (Repeal) Regulations 2009
The financial regulatory authority issued the Financial Institutions (Domestic Banking Business) (Repeal) Regulations 2009 to repeal outdated statutory instruments governing domestic banking operations. These provisions formally remove redundant legislative requirements, thereby streamlining the compliance framework for licensed financial institutions operating domestically. The repeal takes immediate effect upon publication, ensuring that current domestic banking activities continue under the remaining applicable legal framework without legislative gaps.
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