Examples of Licensed financial institution in a sentence
Licensed financial institution holding abandoned property shall submit to the Central Bank of Liberia a full report of such holdings within fifteen (15) days after each financial year in accordance with Section69 (1) of the FIA.
Section 17 of the Banking and Financial Services Act prohibits unlicensed business other than a Licensed Bank or a Licensed financial institution to offer or conduct financial services.
Licensed financial institution refers to a financial institution which has received a permit from a regulator or a supervisor to do specific financial business as defined by that particular licence (e.g. life assurance, non-life insurance, banking etc.).
It is a Licensed financial institution under the Banking and Financial Institutions Act, 1991 and is licensed and supervised by the Bank of Tanzania.