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Reserve Bank of Fiji (Amendment) Decree 2009

REPUBLIC OF FIJI ISLANDS

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RESERVE BANK OF FIJI ACT (AMENDMENT) DECREE 2009

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GOVERNMENT OF FIJI
(DECREE N0. 45)

ARRANGEMENT OF SECTIONS

1. Short title and definition
2. Commencement dates
3. Object of the decree
4. Section 4 amended

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GOVERNMENT OF FIJI

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RESERVE BANK OF FIJI (AMENDMENT) DECREE 2009
(DECREE NO. 45 OF 2009)

In exercise of the powers vested in me as ice-President of the Republic of Fiji by virtue of the office of the vice-President and Succession decree 2009, I hereby make the following decree —

Short title and definition

1. — (1) This decree may be cited as the Reserve Bank of Fiji act (amendment) decree 2009.

(2) In this decree, the Reserve Bank of Fiji act, cap.210 is referred to as the "act".

Commencement Dates

2. The amendments to Section 4 of the act shall be deemed to come into force on these respective dates —

(a) 1st January, 1999 for section 4 paragraph (e); and

(b) 13th August, 2009 for section 4 paragraph (f).

Object of the Decree

3. The object of this decree is to amend the act to extend the principal purpose of the Reserve Bank to regulate the insurance industries, capital markets and securities industries.

Section 4 amended

4. Section 4 of the act is amended by deleting the word "and" at the end of paragraph (c), deleting the full stop at the end of paragraph (d) and substituting it with a semi-colon, and inserting new paragraphs as follows —

"(e) to regulate the insurance industry; and

(f) to regulate the capital markets and the securities industry."

Given under my hand this 5th day of November 2009.

EPELI NAILATIKAU
Vice-President of the Republic of Fiji