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Author: Oliver Spy
Sponsor: N/A
Type: Act of parliament
Bill Title: Financial Institution Crime Prevention Act
Abbreviation: FICPA
State-managed financial institutions face an abnormal and unjustifiable number of robberies, which drain their resources and compromise public safety. To address these issues, this Act introduces limited operating time windows to enhance security and reduce the frequency of such criminal activities.
1 Definitions
(a) "State-managed financial institution" refers to any bank, credit union, or financial service provider that is owned or operated by the state.
(b) "Operational window" refers to the period during which a financial institution is open to the public at its physical location.
(c) "Closure window" refers to the period during which the financial institution is required to remain closed at its physical location after completing an operational window.
2 Operational Hours Regulation
(a) A state-managed financial institution may remain open for a maximum of two (2) consecutive hours during an operational window.
(b) Following the conclusion of each operational window, the institution must observe a mandatory closure window of five (5) consecutive hours, during which the institution must remain closed to the public.
(c) No financial institution may resume operations until the full closure window has elapsed.
3 Exemptions
(a) The Ministry of Economic Affairs may grant exemptions in cases of emergencies or other exceptional circumtances, provided the exemption is issued in writing.
(b) Any exemption must specify the duration and conditions under which the institution may operate beyond the prescribed hours.
4 Enforcement and Penalties
(a) The Ministry of Finance is responsible for overseeing compliance with this Act.
(b) Any violation of this act may result in temporary suspension of operations.
Enactment
This act comes into force upon given royal assent.
Sponsor: N/A
Type: Act of parliament
Bill Title: Financial Institution Crime Prevention Act
Abbreviation: FICPA
A
BILL
TO DECREASE THE RATE OF ROBBERIES AT STATE-MANAGED
FINANCIAL INSTITUTIONS
PreambleBILL
TO DECREASE THE RATE OF ROBBERIES AT STATE-MANAGED
FINANCIAL INSTITUTIONS
State-managed financial institutions face an abnormal and unjustifiable number of robberies, which drain their resources and compromise public safety. To address these issues, this Act introduces limited operating time windows to enhance security and reduce the frequency of such criminal activities.
1 Definitions
(a) "State-managed financial institution" refers to any bank, credit union, or financial service provider that is owned or operated by the state.
(b) "Operational window" refers to the period during which a financial institution is open to the public at its physical location.
(c) "Closure window" refers to the period during which the financial institution is required to remain closed at its physical location after completing an operational window.
2 Operational Hours Regulation
(a) A state-managed financial institution may remain open for a maximum of two (2) consecutive hours during an operational window.
(b) Following the conclusion of each operational window, the institution must observe a mandatory closure window of five (5) consecutive hours, during which the institution must remain closed to the public.
(c) No financial institution may resume operations until the full closure window has elapsed.
3 Exemptions
(a) The Ministry of Economic Affairs may grant exemptions in cases of emergencies or other exceptional circumtances, provided the exemption is issued in writing.
(b) Any exemption must specify the duration and conditions under which the institution may operate beyond the prescribed hours.
4 Enforcement and Penalties
(a) The Ministry of Finance is responsible for overseeing compliance with this Act.
(b) Any violation of this act may result in temporary suspension of operations.
Enactment
This act comes into force upon given royal assent.