Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 October 2011 - onwards
  Version 2 of 2    

59. Publication of special management orders.

(1) The Bank shall, as soon as practicable after a special management order is made -

(a) serve a copy of the special management order on the authorised credit institution, and, if the subject of the special management order is a subsidiary, or holding company of the authorised credit institution, on the subsidiary or holding company, and

(b) publish the order in 2 newspapers circulating generally in the State.

(2) In a particular case, the Bank may, if the Bank thinks it necessary to do so, publish a special management order by an additional means or in an additional place.

(3) Without delay after the service of the copy of the special management order, the authorised credit institution shall take all reasonable measures to ensure that its members, and, if the subject of the special management order is a subsidiary or holding company of the authorised credit institution, the members of the subsidiary or holding company, are made aware of the order, including, without limiting the gene

Comparing proposed amendment...