Banking Act · s 90

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 90Liability of officers for offences by banks

(1)

If a bank contravenes, whether by act or omission, any provision of this Part or any regulations made under this Part, each officer of the bank is taken to have contravened the same provision if the officer knowingly authorised or permitted such contravention.

(2)

A person may be proceeded against and convicted under a provision pursuant to this section whether or not the bank has been proceeded against or convicted under that provision.

(3)

Nothing in this section affects any liability imposed on a bank for an offence committed by the bank against this Act or any regulations made thereunder.