Central Bank Act, 1989.
|
Chapter IX Supervision of Moneybrokers | ||
|
Interpretation (Chapter IX). |
108.—In this Chapter— | |
“authorisation” means an authorisation granted to a person by the Bank under this Chapter to carry on the business of moneybroking; | ||
“financial institution” has the same meaning that it has in Chapter VII ; | ||
“moneybroker” means a person carrying on a moneybroking business; | ||
“moneybroking business” means any business which consists of the business of arranging all or any of the following, that is to say: | ||
(a) loans or borrowings of money, | ||
(b) purchases or sales of foreign exchange, | ||
(c) transactions of a type which for the time being stand prescribed by order under section 109 , and | ||
(d) other transactions which are similar in effect to any of those to which paragraph (a), (b) or (c) relate, | ||
between any two or more persons being a holder of a licence under section 9 of the Act of 1971, a building society, or a financial institution, and “moneybroking” shall be construed accordingly. |