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Banking Amendment Act 2020

COOK ISLANDS

Banking Amendment Act 2020

2020, No. 10

Contents

1 Title
2 Commencement
3 Principal Act amended

An Act to amend the Banking Act 2011 to allow an international banking licence to be issued to a person who does not hold a domestic banking licence.

The Parliament of the Cook Islands enacts as follows—

1. Title

This Act is the Banking Amendment Act 2020.

2. Commencement

This Act comes into force on the day after the date on which it is assented to by the Queen’s Representative.

3. Principal Act amended

This Act amends the Banking Act 2011.

4. Section 9 amended

Section 9(2) is repealed.

This Act is administered by the Financial Supervisory Commission.

Printed under the authority of the Cook Islands Parliament—2021.