← belizelaw.ai · Domestic Banks And Financial, Cap. 263 · PART VII — Transactions with Related Parties

Prohibition

Cap. 263, s. 66 · Revised Edition 2020

Except as provided in this Part, a licensee shall not, directly or indirectly, enter into any transaction with a related party of such licensee, and without limiting the generality of the foregoing, a licensee is deemed to have indirectly entered into a transaction in respect of which this Part applies where the transaction is entered into by a subsidiary of the licensee. 120
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