Regulatory Alerts2008-10-16
Banking (Foreign Exchange Dealers Regulation 1995)(Revocation) Regulations 2008
The Minister, exercising powers under the Banking Act 2004, has revoked the Foreign Exchange Dealers Regulations 1995 through Government Notice No. 208 of 2008. This legislative action removes the earlier regulatory framework for foreign exchange dealers and establishes a clean slate under current banking legislation. The revocation carries a retroactive effective date of 10 November 2004, aligning its operation with the commencement of the parent Act.
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