CH.316 –3E] BANKS AND TRUST COMPANIES REGULATION

STATUTE LAW OF THE BAHAMAS LRO 1/2010

CHAPTER 316

BANKS AND TRUST COMPANIES REGULATION

BANKS (PUBLISHING AND CERTIFYING OF ANNUAL ACCOUNTS) ORDER

(SECTION 8) [Commencement 25th July, 1959]

1. This Order may be cited as the Banks (Publishing and Certifying of Annual Accounts) Order.

2. The correctness of annual accounts published by a bank under the provisions of section 8 of the Banks Act shall be certified by a chartered accountant or certified public accountant.

BANKS AND TRUST COMPANIES (LICENCE APPLICATION ) REGULATIONS

(SECTION 20) [Commencement 4th May, 2001]

1. These Regulations may be cited as the Banks and Trusts Companies (Licence Application) Regulations.

2. In these Regulations — “Governor” means the Governor of the Central Bank

of The Bahamas appointed under paragraph 1 of the Schedule to theCentral Bank of The Bahamas Act;

“Zone A country” means any country which is a full member of the Organization for Economic Co- operation and Development (OECD), together with any country which has concluded lending arrangements with the International Monetary Fund associated with the General Agreement to Borrow, excluding those countries which have rescheduled their external debts during the preceding five years and those countries whose rating for long-term liabilities in foreign currencies is lower than “investment grade” or which have no rating and whose yield to maturity and remaining duration are not comparable with

G.N. 133/1959

Citation.

Annual accounts to be certified.

S.I. 37/2002.

Citation.

Interpretation.

Ch. 351.

S.I. 31/2008.