S.L. 16.6 Art. 5Interest rates of creditandfinancial institutions.

Notwithstanding anything else contained in any other law, credit and financial institutions within the meaning of regulation 2

may determine the rate of interest payable on deposits held by credit institutions, and the rate of interest that they may charge on loans, advances and any other credit facility as well as in the issue of debentures or debenture stock or other instruments creating or acknowledging indebtedness.