Banking Act · s 30

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30.
(1) Every bank shall send to the Authority, not later than 15 days after the last day of each month, a statement in a form approved by the
Authority showing particulars of advances, loans or credit facilities by it to —
(a) any of its directors;
(b) any firm in which it or any of its directors is a partner, manager or agent, or to any individual or firm of whom or of which any of its directors is a guarantor;
(c) any undertaking that is, a group undertaking in relation to the bank;
(d) any of its officers, employees or other persons being persons receiving remuneration (exclusive of benefit and allowance) from it,

Banking where the amount of the advance, loan or credit facilities exceeds one year’s remuneration of the officer, employee or other person;
(e) any private or public company in which the bank or any of its directors, officers, employees or other persons who receive remuneration from the company has an interest as a director, manager, agent or guarantor; or
(f)
any individual in whom, and any firm or company in which, any of its directors has an interest, directly or indirectly, as declared under the provisions of section 31, other than advances, loans and credit facilities particulars of which have already been supplied pursuant to paragraphs (a), (b), (c), (d) and (e) of this subsection.
(2) If, from an examination of the particulars supplied by a bank under subsection (1), it appears to the Authority that any advances, loans or credit facilities falling within that subsection are being or have been granted to the detriment of the public interest, the Authority may by order in writing —
(a) prohibit the bank concerned from granting any further advances, loans or credit facilities falling within subsection (1) or impose such restrictions on the grant thereof as the Authority thinks fit; and
(b) direct the bank to secure repayment of any such advances, loans or credit facilities already made within such time and to such extent as may be specified in that order.
(3) In this section, “director” includes the wife, husband, father, mother, son and daughter of a director.

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s 30

(1)

Every bank shall send to the Authority, not later than 15 days after the last day of each month, a statement in a form approved by the

Authority showing particulars of advances, loans or credit facilities by it to —

(a)

any of its directors;

(b)

any firm in which it or any of its directors is a partner, manager or agent, or to any individual or firm of whom or of which any of its directors is a guarantor;

(c)

any undertaking that is, a group undertaking in relation to the bank;

(d)

any of its officers, employees or other persons being persons receiving remuneration (exclusive of benefit and allowance) from it,

Banking where the amount of the advance, loan or credit facilities exceeds one year’s remuneration of the officer, employee or other person;

(e)

any private or public company in which the bank or any of its directors, officers, employees or other persons who receive remuneration from the company has an interest as a director, manager, agent or guarantor; or

(f)

any individual in whom, and any firm or company in which, any of its directors has an interest, directly or indirectly, as declared under the provisions of section 31, other than advances, loans and credit facilities particulars of which have already been supplied pursuant to paragraphs (a), (b), (c), (d) and (e) of this subsection.

(2)

If, from an examination of the particulars supplied by a bank under subsection (1), it appears to the Authority that any advances, loans or credit facilities falling within that subsection are being or have been granted to the detriment of the public interest, the Authority may by order in writing —

(a)

prohibit the bank concerned from granting any further advances, loans or credit facilities falling within subsection (1) or impose such restrictions on the grant thereof as the Authority thinks fit; and

(b)

direct the bank to secure repayment of any such advances, loans or credit facilities already made within such time and to such extent as may be specified in that order.

(3)

In this section, “director” includes the wife, husband, father, mother, son and daughter of a director.