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FINANCIAL SERVICES COMMISSION (AMENDMENT) ORDINANCE 2013 (Ordinance 5 of 2013) Arrangement of Sections SECTION

1. 2. 3.

Short title and commencement Interpretation Section 47A inserted

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TURKS AND CAICOS ISLANDS FINANCIAL SERVICES COMMISSION (AMENDMENT) ORDINANCE 2013 (Ordinance 5 of 2013)

Assent………………………………………………….16th May 2013 Publication in Gazette…………………………….24th May 2013 Commencement…………………………In accordance with section 1 AN

ORDINANCE TO COMMISSION ORDINANCE.

AMEND

THE

FINANCIAL

SERVICES

ENACTED by the Legislature of The Turks and Caicos Islands. Short title and commencement

Interpretation

Section 47A inserted

“Recovery of financial penalty

1. This Ordinance may be cited as the Financial Services Commission (Amendment) Ordinance 2013 and shall come into operation on such day as the Governor may appoint by Notice published in the Gazette. 2. In this Ordinance “principal Ordinance” means the Financial Services Commission Ordinance. 3. The principal Ordinance is amended by inserting after section 47 the following new section— 47A. (1) A financial penalty constitutes a debt to the Commission and may be recovered in the court. (2) The Commission may, after the imposition of a penalty has become final, issue a certificate certifying the unpaid amount of any debt referred to in subsection (1) and the registration of the certificate in the court has the same effect as a judgment of the court for a debt of the amount specified in the certificate together with the costs of registration.”.

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5 of 2013 financial services commission (amendment) ordinance 2013  
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