(1) The Bank may, by order given to the holder of an authorisation, prohibit that holder from -
(a) paying commission in the form of any benefit in kind, or as a loan of money made to an intermediary or to be made on that holder's behalf by another person to an intermediary, or
(b) paying to, or crediting to the account of, an insurance intermediary commission in respect of an insurance policy until the insurance premium to which the commission relates is received by that holder or by the intermediary on behalf of that holder.
(2) An order may be given under this section only if the Bank is satisfied that the order is in the public interest and the Minister for Finance has consented to the giving of the order.
(3) The Bank may include in an order prohibiting commission from being paid or credited as provided by subsection (1)(b) such exceptions and conditions as it thinks appropriate.