QLDIn ForceAct
Financial Intermediaries Act 1996
sec.68Control of foreign currency transactions
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sec.68 Control of foreign currency transactions
A society must not— invest any of its funds in foreign currency; or carry out any of its activities in foreign currency. Maximum penalty—800 penalty units.
- (a) invest any of its funds in foreign currency; or
- (b) carry out any of its activities in foreign currency.