Section 45, The Bank of Sierra Leone Act, 2000

(1) The Bank shall exercise prudential supervision over licensed institutions operating in Sierra Leone in accordance with the provisions of the Banking Act. (2) The Bank shall, wherever necessary, seek the co-operation of, and co-operate with, licensed institutions in Sierra Leone— (a) to promote and maintain satisfactory deposit taking services for the public; and (b) to ensure high standards of conduct and management throughout the deposit taking system. 54 No. 3 Bank of Sierra Leone Act 2000 [Margin: Required reserves.]