(1) The governing body of an authorised institution may make a decision for the voluntary winding up of the institution only after having consulted the Bank.
(2) The voluntary winding-up of a institution does not prevent a reorganisation measure from being imposed, or winding-up from being commenced, in respect of the institution.
(3) Nothing in this Regulation limits the operation of any other law of the State that requires the Bank to be consulted in relation to a voluntary winding up.