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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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