Section 20 of the Central Bank Act 1942 is amended -
(a) by substituting "financial institution" for "bank" wherever it occurs,
(b) by inserting the following subsection after subsection (4):
"(4A) This section does not prohibit the Governor from -
(a) entering into a policy of insurance, or
(b) purchasing units of, or participating in, a collective investment scheme whose funds are invested in bonds or equities generally (including the bonds or shares of a financial institution), or
(c) establishing and maintaining an ordinary savings account with a building society or a friendly society.";
(c) by substituting the following subsection for subsection (5):
"(5) In this section -
'bank' includes a bank incorporated outside the State as well as a bank incorporated in the State;
'financial institution' includes a credit institution and an insurance undertaking;
'shares', in relation to a bank, include stock, shares, debentures, debenture stock, bonds and other securities of the bank.".