The GLBA lowers although does not altogether eliminate barriers between the banking and securities industries erected by the Banking Act of popularly known as the "Glass-Steagall Act" 4 and between the banking and the insurance industries erected by the amendments to the Bank Holding Company Act of the "Bank Holding Company Act". Over the past 60 years, however, evolution of the financial markets driven by competition and technology eroded the separation that previously existed between banks, insurance companies, and securities firms. Regulators responded to these changes with interpretations that increasingly sought to accommodate the market changes. Beginning in the s, these developments, coupled with arguments for competitive equality both domestically and internationally, spurred Congressional action.
Without prejudice to the foregoing provisions of this Decree, the Minister may give to the Commission such directives as appear to him to be just and proper for the effective discharge of the functions of the Commission under this Decree an d it shall be the duty of the, Com mission to comply.
The Commission shall furnish to the Head of State, Commander-in -Chief of the Armed Forces through the Minister reports pertaining to any proposed or existing programme for the promotion and development of the securities industry in Nigeria.
The Commission may, by general or special order in writing delegate to any member, officer of the Commission or any other per son subject to such condition s, if any, as may b e specified in the order, such of its powers an d functions under this Decree as it may deem necessary.
Notwithstanding the provisions of any other law or enactment to the contrary, any legal practitioner employed by the Commission shall be entitled to represent the Commission before an y court or the Tribunal. No suit, prosecution or other legal proceedings shall lie against the Federal Government or any officer of the Federal Government or any member, officer or other employee of the Com mission for anything which is done in good faith or intend ed to be don e under this Decree, or the rule s or regulations; made thereunder.
Save as otherwise specifically provided under the provisions of this Decree whosoever contravenes or attempts to contravene or aids or abets the contravention of the provisions of this Decree or of any rules or regulations made thereunder, commits an offence and is liable on conviction to a fine not exceeding N, or to imprisonment for a term not exceeding three years o r to both such fine and imprisonment.
Provided that no order shall be made under this section after the expiry of five years from the commencement of this Decree.1 On September 25, , President George pfmlures.com signed into law the Americans with Disabilities Amendments Act of (ADA Amendments Act), Public Law – The ADA Amendments Act amended the ADA definition of disability to clarify its coverage of persons with disabilities and to provide guidance on the application of the definition.
The Public Inspection page on pfmlures.com offers a preview of documents scheduled to appear in the next day's Federal Register issue. The Public Inspection page may also include documents scheduled for later issues, at .
After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go.
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