Regulations and practice directions governing operations of financial institutions

The Central Bank may, after consultation with licensees that are financial institutions, prescribe or specify regulations, practice directions, policies and procedures specifically governing their operations, taking into account the nature of the business in which such licensees engage, including but not limited to, the following– (a) permissible for conducting a financial business; (b) underwriting, trading or dealing practices with respect to persons engaged in business as an investment or merchant bank; (c) minimum liquidity requirements; (d) bonding and deposit requirements with respect to the conduct of the business of a trust 116 (e) books, records and other accounts to be maintained by such licensees; (f) sales, trading, lending, financing and advertising practices with respect to licensees engaged in a retail financial business or otherwise conducting business with members of the public; or (g) requirements for the operation of unit trusts or the collective investments of funds held in a fiduciary capacity;