Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999
Part 3Terminating the application of the Codes to financial institutions and friendly societies
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Part 3—Terminating the application of the Codes to financial institutions and friendly societies
22 Cancellation of Code registrations
On the transfer date, the registration of each transferring financial institution of this jurisdiction under the previous governing Code is cancelled.
23 No new registrations under the Codes
On and from the transfer date, there are to be no new registrations under:
(a) the Financial Institutions Code of this jurisdiction; or
(b) the AFIC Code of this jurisdiction; or
(c) the Friendly Societies Code of this jurisdiction.