Gazette amending-2019-0051 — Money Services Act

Gazette

amending-2019-0051

Published

LG46/S4 —

s5Inserted regulations 6, 7 and 8 in the Money Services Businesses Regulations, 2001.

LG46/S4 —

s6Added regulation 6 requiring a licensee to provide a report on their sub-agent's details.

LG46/S4 —

s7Added regulation 7 allowing the Authority to require an independent assessment of a sub-agent at the expense of the licensee.

LG46/S4 —

s8Added regulation 8 requiring information from a sub-agent when entering into a contract or arrangement.

LG46/S4 —

s6Repealed paragraph 6 and substituted with new details for the approved transaction account and arrangement.

LG46/S4 —

s8Amended paragraph 8 by changing 'five' to 'ten' and adding information about sub-agents in subparagraph (l).