(1) If the Bank has reason to believe -
(a) that an undertaking is or may be unable to meet its liabilities, or
(b) that an undertaking whose head office is in the State is or may be unable to provide the required solvency margin,
the Bank may direct the undertaking to take, by a specified date, such one or more of the following measures as the Bank deems appropriate, either indefinitely or for a specified period:
(i) to refrain from taking on new business, or new business of a specified type or class,
(ii) to limit its premium income to a specified amount,
(iii) to refrain from making investments of a specified class or description,
(iv) to realise, within a specified period, investments of a specified class or description,
(v) to maintain in the State assets of a value equal to the whole or a specified proportion of the amount of its liabilities in respect of business carried on in the State,
(vi) to take such further measures as may be specified in the direction.
(2) The powers in s
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