(1) A building society shall at all times keep such a proportion of its total assets in liquid form (hereinafter referred to as "liquid assets") having such a composition as to enable the society to meet its liabilities as they arise.
(2) For the purposes of complying with subsection (1), a society shall have regard to the range and scale of its business and that of any subsidiary or other associated body and the composition and character of its assets and liabilities and those of any such body.
(3) A society may keep liquid assets in addition to those required for the purpose of complying with subsection (1).
(4) The Central Bank may from time to time require a society to maintain -
(b) a ratio which does not exceed a specified ratio, or
(c) a ratio which is not less than a specified ratio,
between its assets and its liabilities and the specified ratio may be expressed as a percentage of the assets or liabilities concerned.
(5) A requirement of the Central Bank
…