(1) A non-bank financial institution shall not

(a) grant an advance or credit or issue financial guarantee or indemnity to or in respect of any person or group of persons;

(b) invest in the equity of any company; or

(c) carry out any other transaction for any person.

which constitutes in the aggregate a liability to the institution amounting to more than the proportion of the net worth of the institution as specified in the Fourth Schedule or as may be specified by the Bank.

(2) A non-bank financial institution shall not grant an unsecured advance, credit, or issue any guarantee or indemnity amounting in aggregate to more than the proportion of the net worth of the institution as specified in the Fourth Schedule or as may be specified by the Bank.