Professional Documents
Culture Documents
The Banking and Financial Services Amend Act No. 7 of 2020. PMD
The Banking and Financial Services Amend Act No. 7 of 2020. PMD
7 of 2020 115
(Amendment)
GOVERNMENT OF ZAMBIA
ACT
A BILL
No. 7 of 2020
10. The principal Act is amended by the repeal of section 75 Repeal and
replacement
and the substitution therefor of the following:
of section 75
75. (1) A financial service provider or an interested Petition to
person acting on the financial service provider’s behalf may, Minister
against
within twenty-one days after the date on which the Bank
possession
takes possession of the financial service provider, petition the
Minister to establish a tribunal to enquire into the the decision
of the Bank to take possession of the financial service
provider.
11. Section 82 of the principal Act is amended by the deletion Amendment
of subsection (2) and the substitution therefor of the following: of section 82