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Section 87(3)

After paragraph (d), insert:

"(e) require the credit union to raise within such period as may be specified and maintain such reserves or other financial resources or to maintain such non-financial resources, as may be specified;

(f) require the credit union to take such steps as may be specified to strengthen its systems or controls;

(g) require the credit union to apply a specified policy for making provision for such debts or treatment of assets, as may be specified, for the purposes of capital and reserve requirements;

(h) require the credit union to restrict or limit its business, operations or activities, as the Bank considers necessary, to reduce risks inherent in its activities, products and systems;

(i) require the credit union to provide a statement in writing to the Bank of the steps it will take to comply with any regulatory direction imposed under this section or with any other requirement imposed on a credit union under this Act;

(j) impose limitations on the acceptance of members' savings or the employment of assets;".

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Section 97(1)(d)

After "common bond" insert "(including a common bond arising by virtue of the operation of law)".

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