Other Financial Services (Amendment) Act, 2007
An Act amending the Other Financial Services Act, 2001 regulating non-bank financial services in Sierra Leone.
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Summary
The Other Financial Services (Amendment) Act, 2007 amends the Other Financial Services Act, 2001, which regulates financial services provided by institutions other than commercial banks — such as finance houses, microfinance institutions, bureaux de change and similar providers.
As an amending statute it alters specified provisions of the principal Act — for example concerning the licensing, supervision or conduct of non-bank financial institutions — and must be read together with the principal legislation.
Main provisions
- Amends specified provisions of the Other Financial Services Act, 2001.
- Concerns the regulation of non-bank financial institutions.
- Relates to their licensing, supervision or conduct.
- Takes effect as part of, and is read together with, the principal Act it amends.