Fourth Year (AF)&(RD),First Semester

Fourth Year (MM), Second Semester C Law 4001, Business Law II

Financial Institutions Law, 2016 Central Bank of Myanmar Law, 2013   

Daw Zar Zar Win

Assistant Lecturer Department of Law

Fourth Year (MM), Second Semester, C Law 4001, Business Law II Financial Institutions Law, 2016 Administrative Penalties Section 154( a ) to(d) of the Financial Institution Law, 2016 The financial institutions, its directors, members, executive officers, 

shareholders, management, managers and staff -----



who violate any of the provisions of this Law or any regulations, by-law, order, directive, procedures under this Law shall be subject to----



the followings administrative penalties imposed by the Central Bank-



warnings



fines



orders including those restricting the operations of financial institutions



suspension or permanent termination from duties in the financial institutions

Fourth Year (MM), Second Semester, C Law 4001, Business Law II Financial Institutions Law, 2016 Administrative Penalties 

Section 155( a ) to (b) of the Financial Institution Law, 2016



Under section 154 any person aggrieved by the imposition of the penalty may

appeal to Board of Directors of the Central Bank, within thirty days from the date the penalty is imposed. 

The decision by the Board of Directors of the Central Bank on the appeal under

sub-section shall be final

Fourth Year (MM), Second Semester, C Law 4001, Business Law II Financial Institutions Law, 2016 Administrative Penalties Section 156 of Financial Institutions Law, 2016 

the administrative penalties provided in this Law



shall not preclude taking criminal action or civil action

Section 157 of Financial Institutions Law, 2016 

imposition of penalties under Section 154



shall make the party guilty of the offence immediately liable to pay



for any damages caused to the institution or to other parties

Thank You

Reference  Law

of Banking

 Financial

Institutions Law

 (Pyidaungsu

20/2016)

Hluttaw Law No