Financial Institutions (Amendment) Act 2009-17

Supplement to Official Gazette No. 63 dated 9th July, 2009 FINANCIAL INSTITUTIOYS (AMENDMENT) ACT, 2009 - 17 Arrangement of Sections Sectio~z

1. Short title.
2. Amendment of section 2 of Cap. 324A.
3. Insertion of new section 112Ain Cap. 324A.

BARBADOS
I assent
C. STRAUGHN HUSBANDS
Governor-General
29th June, 2009.
2009 - 17
An Act to alnend the Financial Institutions Act. (9th July, 2009.) commence- ' ment. ENACTED by the Parliament of Barbados as follows:

1. This Act may be cited as the Fiizancinl Institzitions s110l-ttttle
   (Al?zend/nerzt) Act, 2009.
2. Section 2 of the Financial Institutions Act, in this Act referred Amend￾to as the principal Act, is amended in the definition of "banking business" lnent of
   section 2 of by deleting the words "from the public" appearing in paragraphs (aj and cap- 324A,
   (b) of the definition.

2 FINANCIAL INSTITUTIONS (AMENDMENT) ACT, 2009 - 17 Insertion 3. The principal Act is amended by inserting the following new $Iew section immediately after section 11 2:
section
1 12A in
Cap. 324A. "AC~ not to 112A. (1) Any society registered under apply to certain institutions. (a) the Co-operative Societies Act; or Cap. 378A. (b) the Friendly Societies Act, Cap. 379. is exempt from the provisions of this Act."