Section 53: Offence by financial institution

Bank of Mauritius Act · PART VIII: RELATIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

53. Offence by financial institution Any financial institution which fails to— (a) comply with section 49, 50 or 51; or (b) furnish, within the time limit specified by the Bank, any information required to satisfy the Bank that it is complying with section 49, 50 or 51, shall commit an offence and shall, on conviction, be liable to a fine not exceeding 100,000 rupees for each day on which the offence occurs or continues. [S. 53 amended by s. 2 (d) of Act 27 of 2012 w.e.f. 22 December 2012.] B2 – 28 (1) [Issue 9] Bank of Mauritius Act PART VIIIA – BANKING SERVICES REVIEW PANEL [Part VIIIA inserted by s. 2 (e) of Act 27 of 2012 w.e.f. 22 December 2012.]

Ask juris about this section Official source