(1) The Minister has, in the public interest, the functions provided for under subsection (2) where, after consulting the Governor of the Bank and the Regulatory Authority, the Minister is of the opinion that the performance of those functions is necessary, in the public interest, for either or both of the following purposes -
(a) to remedy a serious disturbance in the economy of the State;
(b) to prevent potential serious damage to the financial system in the State and ensure the continued stability of that system.
(2) For either or both of the purposes mentioned in subsection (1), the Minister may give a direction in writing to the Commission -
(a) to invest, on terms and conditions specified in the direction, in specified securities of a credit institution, or
(b) to underwrite or otherwise support, on terms and conditions specified in the direction, the issue of any kind of securities of a credit institution.
(3) The terms and conditions that the Minister may specify in a dire