(1) The intervention conditions are fulfilled in relation to an authorised credit institution if -
(a) either condition A or condition B is fulfilled,
(b) conditions C and D are both fulfilled, and
(c) the Bank has consulted the Minister.
(2) Condition A is that the Bank has serious concerns relating to the financial stability of the authorised credit institution concerned and -
(a) directs that credit institution to take particular action to address the Bank’s concerns, and the Bank is satisfied that -
(i) the credit institution has failed to comply fully with the direction under this paragraph, or
(ii) the credit institution is incapable of taking the necessary action to so comply within the period specified by the Bank in that direction,
or
(b) is satisfied that, having regard to the urgency of the situation or for any other reason, its serious concerns cannot be adequately addressed by such a direction.
(3) Condition B is that the Bank is satisfied that there is a present or immi
…