Banking Services (Establishment of Branches) Regulations, 2015, Resolution

THE
JAMAICA GAZETTE
SUPPLEMENT

PROCLAMATIONS, RULES AND REGULATIONS

802S

Vol. CXXXVIII FRIDAY, SEPTEMBER 25, 2015 No. 120C

No. 156E

PUBLIC BUSINESS

Extract from the Minutes of the Honourable House of Representatives held on Wednesday, the 2nd day of September, 2015:

The Minister of Finance and Planning moved:

THE BANKING SERVICES ACT

THE BANKING SERVICES (ESTABLISHMENT OF BRANCHES) REGULATIONS, 2015, RESOLUTION

WHEREAS subsection (1) of section 131 of the Banking Services Act (hereinafter referred to as "the Act") provides that the Supervisory Committee may, with the approval of the Minister, make regulations for the purpose of giving effect to the provisions of the Act and, without prejudice to the generality of the foregoing, the regulations may make provision in relation to the establishment of branches or representative office;

802T PROCLAMATIONS, RULES AND REGULATIONS [SEPT. 25, 2015

AND WHEREAS subsection (2) of the said section 131 of the Act provides that regulations made under subsection (1) shall be subject to affirmative resolution;

AND WHEREAS the Supervisory Committee, with the approval of the Minister responsible for finance, on the 21st day of July, 2015, made the Banking Services (Establishment of Branches) Regulations, 2015;

AND WHEREAS it is desirable that the Banking Services (Establishment of Branches) Regulations, 2015, be affirmed;

NOW, THEREFORE, BE IT RESOLVED by this Honourable House as follows:

1. This Resolution may be cited as the Banking Services (Establishment of Branches) Regulations, 2015, Resolution;

2. The Banking Services (Establishment of Branches) Regulations, 2015, which were laid on the Table of the House on the 21st day of July, 2015, are hereby affirmed.

Mr. Audley Shaw also spoke on the motion.

Seconded by: Dr. Winston Green.

Agreed to.

I certify that the above is a true Extract from the Minutes.

HEATHER E. COOKE, JP, (MRS.)
Clerk to the Houses.

No. 156F

PUBLIC BUSINESS

Extract from the Minutes of the Honourable Senate on the 25th day of September, 2015:

The Minister of Justice and Acting Leader of Government Business moved:

THE BANKING SERVICES ACT

THE BANKING SERVICES (ESTABLISHMENT OF BRANCHES) REGULATIONS, 2015, RESOLUTION

WHEREAS subsection (1) of section 131 of the Banking Services Act (hereinafter referred to as "the Act") provides that the Supervisory Committee may, with the approval of the Minister, make regulations for the purpose of giving effect to the provisions of the Act and, without prejudice to the generality of the foregoing, the regulations may make provision in relation to the establishment of branches or representative office;