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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 1990 - onwards
  Version 2 of 2    

31. Regulation of ratios between assets and liabilities of trustee savings bank.

(1)

(a) The Central Bank may from time to time give a direction to a trustee savings bank requiring it to maintain -

(i) a specified ratio,

(ii) a ratio that does not exceed a specified ratio, or

(iii) a ratio that is not less than a specified ratio,

between its assets and liabilities.

(b) A specified ratio under paragraph (a) may be expressed as a percentage of the assets or liabilities concerned.

(2) A direction under this section may be expressed to apply -

(a) in relation to all trustee savings banks or to a specified trustee savings bank or specified trustee savings banks,

(b) in relation to the total assets or total liabilities of the trustee savings bank or each of the trustee savings banks concerned or to specified assets or assets of a specified kind or specified liabilities or liabilities of a specified kind of the trustee savings bank concerned or each of the trustee savings banks concerned,

(c) in relation to a specified time or times or period or periods,

and different rat

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