Section 51B: Compliance report

51B. Compliance report The licensees shall submit an independent compliance report on such terms and conditions as the Commission may determine. (i) in section 53(1)(a)(i), by inserting, after the words “Act,”, the words “AML/CFT legislation,”; 232 Acts 2023 (j) in section 53A (3) – (i) in paragraph (b), by adding the word “and”; (ii) by repealing paragraph (c); (k) in section 77, by adding the following new subsection – (4) A management company shall comply with any obligations and requirements with respect to its functions of administrator or registered agent of a Global Business Company or Authorised Company, as may be specified in FSC Rules. (l) in section 83(8)(a), by adding the words “, or section 71(A)(10)”; (m) by inserting, after section 87A, the following new section –