Examples of Financial Institutions Act in a sentence
In exercise of the powers conferred on the Central Bank of Nigeria (CBN), under the Central Bank of Nigeria Act, 2007 (CBN Act), and the Banks and Other Financial Institutions Act (BOFIA) 2020, the CBN hereby issues the Revised Guidelines for Blacklisting for Banks and Other Financial Institutions (OFIs) in Nigeria.
ICATT has adopted IFRS (including IFRS for SMEs) and ISA The Acts governing the key requirements are:• the Companies Act 1995, and the Companies Regulations 1997• the Insurance Act (Chapter 84:01)• the Co-Operative Societies Act (Chapter 81:03)• the Financial Institutions Act, 2008• the Financial Intelligence Unit Act, 2009• the Securities Industry Act (Chapter 83:02).
The Central Bank of Trinidad & Tobago is the regulatory authority for the banking industry and operates through the Financial Institutions Act, which requires the annual financial statements of banks to comply with IFRS and be audited.
Spearheaded by the Banking and Financial Institutions Act (1991), by 2018, the sector grew from just 3 domestic commercial banks to 53 local and foreign mainstream lenders overseen by the BOT (BOT, 2018).
For the avoidance of doubt, such mandatory provisions shall include the provisions of the Norwegian Financial Institutions Act § 20-32 (as amended and/or supplemented from time to time).