Banking Act · s 95

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s 95Advertisements for deposits

(1)

Subject to section 96 and to subsection (2) of this section, no person other than a bank shall issue, publish or otherwise facilitate any person to issue or publish an advertisement containing —

(a)

any invitation to make a deposit or to enter into or offer to enter into any agreement to make a deposit;

(b)

any information which is intended or might reasonably be presumed to be intended to lead directly or indirectly to the making of a deposit.

Banking

(2)

Subsection (1) does not apply to the publication by any person of any such advertisement for or on behalf of a bank.

(3)

Any person who contravenes subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $5,000,000, imprisonment for a term not exceeding 5 years or both.