(1) The Court may, in accordance with this Part, make an order in relation to an authorised credit institution appointing a special manager to -
(a) the authorised credit institution, or
(b) a subsidiary or holding company of that credit institution.
(2) The person named in a special management order as the special manager of an authorised credit institution or a subsidiary or holding company of such a credit institution, shall be a person who has, in the Bank’s opinion, the requisite knowledge, expertise and experience of the financial services sector to be the special manager of that credit institution, subsidiary or holding company.
(3) A special management order shall specify the following:
(a) the name of the special manager,
(b) the name of the authorised credit institution concerned, or, if the special management order appoints a special manager to a subsidiary or holding company of that credit institution, the name of the subsidiary or holding company,
(c) the period not exce
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