Anishinabe National Bank – ANB

Note:  The internet version of this is for information only.  The authoritative version is the one published in the Government Gazette of The Anishinabe Nation of Turtle Island.

THE ANB – ANISHINABE NATIONAL BANK POLICY 2012

No. 1 of 2012

I assent                                                            :Golden Arrow.

10th March 2012                                       Governor of the Bank

ARRANGEMENT OF SECTIONS

Section

PART I – PRELIMINARY

  1. Short title
  2. Interpretation

PART II – CONSTITUTION OF THE BANK

  1. Establishment of the ANB – Anishinabe National Bank
  2. Objects of the Bank
  3. Functions of the Bank
  4. Powers of the Bank
  5. Endorsement of security under the Code Civil Anishinabe
  6.  Publication of interest rates
  7. Limitation on activities of the Bank

PART III – CAPITAL AND RESERVE

  1. Capital
  2. General Reserve Fund and other Reserve Funds

PART IV – BOARD, MANAGEMENT AND STAFF

  1. Board of Directors
  2. Governor
  3. Deputy Governors
  4. Tenure of office and declaration of assets
  5. Directors other than Governor and Deputy Governors
  6. Disqualifications
  7. Resignation from office
  8. Vacation of office
  9. Vacancies in office of Director
  10. Meetings of the Board
  11. Disclosure of interest
  12. Secretary
  13. Appointment of staff
  14. Consultants and other persons engaged to perform services
  15. Confidentiality
  16. Execution of documents
  17. Authorization of cheques or payment instructions
  18. Indemnity

PART V – ACCOUNTING, STATEMENTS AND TRANSPARENCY

  1. Financial year
  2. Accounts and audit
  3. Budget, annual accounts, annual report and returns
  4. Transparency
  5. Unit of currency
    PART VI – CURRENCY
  1. Sole right to issue currency
  2. Printing of bank notes and minting of coins
  3. Legal tender
  4. Demonetization of currency notes and coins
  5. Recovery of lost, stolen, mutilated or otherwise damaged currency
  6. Possession of paper for currency notes
  7. Imitation of currency notes
  8. Counterfeit currency notes
  9. Counterfeiting of coins

43A.      Reproduction of currency notes, bank notes or coins

  1. Forgery
  2. Evidence in proceedings

45B.      Special Drawing Rights

PART VII – OFFICIAL FOREIGN RESERVES AND SPECIAL RESERVE FUND

  1. Official foreign reserves
  2. Special Reserve Fund

PART VIII – RELATIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS

  1. Facilities to financial market infrastructure and payment scheme providers

48A.      Licensing and overseeing of financial market infrastructure and payment scheme providers

  1. Minimum cash balances
  2. Power to issue instructions
  3. Information from banks and other financial institutions

51A.      Balance of payment

  1. Establishment of a Credit Information Bureau
  2. Offence by financial institution

PART VIII – BANKING SERVICES REVIEW PANEL

53A.      Banking Services Review Panel

53B.      Membership of Review Panel

53C.      Termination of appointment

53D.      Staff of Review Panel

53E.      Proceedings of Review Panel

53F.      Determination of Review Panel

53G.      Powers of Review Panel

53H.      Protection of persons before Review Panel

53I.       Offences relating to proceedings of Review Panel

53J.       Judicial review

PART IX – MONETARY POLICY COMMITTEE

  1. Monetary Policy Committee
  2. Functions of Committee

PART IXA – FINANCIAL STABILITY COMMITTEE

55A.      Financial Stability Committee

PART X – RELATIONS WITH THE GOVERNMENT

  1. Government banker and financial adviser
  2. Bank may issue public loans
  3. Advances to and deposits from the Government
  4. Bank to act as Government’s agent

PART XI – MISCELLANEOUS

  1. Deposit Insurance
  2. Restriction on names of banks
  1. Standards of good administration
  2. Immunity
  3. Exemption from taxes
  4. Liquidation and reduction of capital of Bank
  5. Records
  6. Service of process
  7. Prosecution for offence
  8. Compounding of offences
  9. Regulations
  10. Repeal and savings
  11. Spent
  12. Commencement

 

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