|
Item |
Provision affected |
Amendment |
|---|---|---|
|
1 |
Section 2(1), definition of "Bank" |
Delete "and Financial Services Authority". |
|
2 |
Section 2(1), definition of "Regulatory Authority" |
Delete. |
|
3 |
Section 17A(8), definition of "suitably qualified person" |
Delete "or the Chief Executive", substitute "or the Head of Financial Regulation". |
|
4 |
Insert after subsection (2): "(3) Notwithstanding the periods specified in subsection (1) of this section, the Minister may, in any particular case, following consultation with the Governor, reduce one or more of those periods where, and to the extent, the Minister considers it necessary for the purpose of financial stability.". |