Financial Institutions (Amendment) Act 2023

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Bill No. Financial Institutions (Amendment) Bill 2023 THE FINANCIAL INSTITUTIONS (AMENDMENT) BILL, 2023 MEMORANDUM The object of this Bill is to amend the Financial Institutions Act, 2004 to repeal section 115B (2) establishing the Central Shari’ah Advisory Council. MATIA KASAIJA (MP) Minister of Finance, Planning and Economic Development. Bill No. Financial Institutions (Amendment) Bill 2023 BILLS SUPPLEMENT No. … ……th June, 2023 BILLS SUPPLEMENT to The Uganda Gazette No. 7……, Volume CXIV, dated ……th June, 2023 Printed by UPPC, Entebbe, by Order of the Government.

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Bill No. Financial Institutions (Amendment) Bill 2023

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Bill No. Financial Institutions (Amendment) Bill 2023 A Bill for an Act ENTITLED THE FINANCIAL INSTITUTIONS (AMENDMENT) ACT, 2023 An Act to amend the Financial Institutions Act, 2004 to repeal
section 115B (2) establishing the Central Shari’ah Advisory
Council.
BE IT ENACTED by Parliament as follows:
Amendment of the Financial Institutions Act, 2004 The Financial Institutions Act, 2004 is amended in section 115B— (a) by repealing subsection (2); and (b) in subsection (4) by deleting the words “Notwithstanding subsection (2)”.