Section 3Part 1 — Banks and Trust Companies ActAmendedNot Yet In Force
Determination of fitness and propr iety
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This section has not been brought into force.
It was enacted by Parliament but awaits a commencement order before it becomes operative law.
Amendment: LG9/S1
Pending changes
Inserted paragraph (1A) allowing the Authority to inspect documents and records at the registered office.
In determining for the purposes of this Act whether a person is a fit and proper person, regard shall be had to all circumstances, including that person ’ s —
honesty, integrity and reputation;
competence and capability; and
financial sou ndness.