Banking Act (Cap. 371), article 33

33. Every officer of a credit institution shall take all reasonable steps - (a) to secure compliance by the credit institution with its licence and with the provisions of this Act and any regulations made and, or Banking Rules and, or Conduct of Business Rules issued thereunder, and (b) to ensure that no incorrect information is provided to the competent authority either wilfully or as the result of gross negligence. Duties of officers of financial holding companies and mixed financial holding companies. Added by: LXXI.2021.57.