Banking (Amendment) Act No. 738


(enacted in 2007)

Banking (Amendment) Act No. 738 of 2007 amends the Banking Act No. 673 of 2004 to facilitate the establishment of an International Financial Services Center that seeks to attract foreign direct investment and income from license fees payable in foreign currencies, create employment, enhance local skills and knowledge, strengthen the financial sector through expansion in the use of investment banking instruments, and provide for related matters.