Chapter:	155	Title:	BANKING ORDINANCE	Gazette Number:	L.N. 85 of 2002
Section:	95	Heading:	False, etc. advertisements by authorized institution	Version Date:	24/05/2002

(1) Where the Monetary Authority is of the opinion that any advertisement issued in connection with the business of an authorized institution makes a statement or any representation that is false, misleading or deceptive, he may, by notice in writing served on the institution, require the institution to withdraw or, as the circumstances require, remove, and to cease issuing such advertisements and an authorized institution served with such a notice shall, accordingly, comply with that notice. (Amended 82 of 1992 s. 25)
(2) (Repealed 4 of 1997 s. 27)
(3) Every director, every chief executive and every manager of an authorized institution which fails or refuses to comply with any notice served under this section on it commits an offence and is liable- (Amended 32 of 2001 s. 24)

(a) on conviction upon indictment to a fine at tier 7 and to imprisonment for 2 years and, in the case of a continuing offence, to a further fine at tier 3 for every day during which the offence continues; or
(b) on summary conviction to a fine at tier 5 and to imprisonment for 6 months and, in the case of a continuing offence, to a further fine at tier 2 for every day during which the offence continues. (Amended 4 of 1997 s. 27)