Law library · Sierra Leone · The Banking Act, 1964
Section 13, The Banking Act, 1964
Status not yet checkedThe Banking Act, 1964, Sierra Leone
(1) Every licensed bank shall send to the Central Bank A 161
Statements
to be sent(a) not later than the last day of each month a statement in to Centralthe Form set out in the First Schedule showing the assets Bank.
and liabilities of its banking offices in Sierra Leone at
the close of business on the last business day of the
preceding month;
Provided th¡t the Central Bank may from time toLime call for any additional information which it mayrequire from any bank about its operations in SierraLeone.
First Sche
dul.
(b) not later th¡n one month after the last day of each
quarter ending on 31st March, 30th June, 30th Septemberand 31st December, a statement in the Form set out in
the Second Schedule giving an analysis of advances andother assets of its banking offices in Sierra Leone as at schedule.
Second
31st March, 30th June, 30th September and 3lst Decemher respectively:
A 162 No. 19
Appoint
ment of
examiner
on applica
tion of
Central
Bank
or order of
Minister.
Examination
etc.
Production
of books
etc.
(2) The Central Bank may by Regulations under section
28 amend the Forms set out in the First and Second Schedules.
(3) Any bank which fails to comply with the requirements
set out in subscction (1) shall be liable to a fine not exceedino e
pounds for every day during which the default continues.
(4) It shall be the responsibility of the Central Bank to
prepare and to publish consolidated statements aggregating the
figures in the returns furnished under subsection (1). The figurar
containd in thc individual returns shall be regarded as secret a
between each bank and the Central Bank.
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