Cap. 371 Art. 33ADuties of officers of financial holding companies and mixed financial holding companies.

Every officer of a financial holding company or a mixed financial holding company shall take all reasonable steps –

(a) to secure compliance by the financial holding company or the mixed financial holding company, as the case may be, with its approval and with this Act and any regulations made or Banking Rules issued thereunder

(b) to ensure that no incorrect information is provided to the competent authority either wilfully or as the result of gross negligence.