Chapter:	155	Title:	BANKING ORDINANCE	Gazette Number:	L.N. 85 of 2002
Section:	96	Heading:	Certain representations prohibited	Version Date:	24/05/2002

(1) An authorized institution shall not in any communication, whether written or oral, represent or imply, or permit to be represented or implied, in any manner to any person that the institution has in any respect been approved by the Government, the Financial Secretary or the Monetary Authority. (Amended 82 of 1992 s. 25)
(2) Subsection (1) is not contravened by reason only that a statement is made to the effect that an authorized institution is authorized. (Amended 49 of 1995 s. 31)
(3) Every director, every chief executive and every manager of an authorized institution which contravenes subsection (1) without reasonable excuse 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; or
(b) on summary conviction to a fine at tier 5 and to imprisonment for 6 months. (Amended 4 of 1997 s. 27)