Where the Bank is satisfied that a reconstitution of the deposit protection account by apportionment solely in accordance with section 67 would have a material and detrimental effect on the financial position or viability of a holder of a licence, the Bank may, in its discretion but only to such extent or for such period and subject to such conditions as it considers appropriate, exclude the holder from such a reconstitution in which case the amount involved may be apportioned among the other holders of licences.
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 1995 - onwards
68. Exclusion from reconstitution.
Repealed from 1 July 1995