Section 4Part 1 — Banks and Trust Companies ActAmendedNot Yet In Force
Extent of Act
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This section has not been brought into force.
It was enacted by Parliament but awaits a commencement order before it becomes operative law.
Amendment: LG9/S1
Pending changes
Inserted sub-paragraph (aa) requiring proof of identification of directors and shareholders.
Inserted paragraph (2A) requiring a surcharge for late payment of the annual registration fee.
Inserted paragraph (4) requiring notification of changes in information provided to the Authority.
Inserted regulation 4A requiring a natural person as a director and regulation 4B allowing the Authority to refuse or cancel registration.
This Act has effect in addition to and not in derogation of any other provisions having the force of law in the Islands.
This Act does not apply to the Cayman Islands Civil Service Association Co - operative Credit Union Limited.