(1) The Minister shall consider the advice of the valuation panel under section 124 in relation to the acquired portfolio concerned and shall, no later than 28 days after receipt of that advice -
(a) confirm the aggregate market value of the acquired portfolio as advised by the valuation panel, or
(b) if the valuation panel's determination of the aggregate market value is greater than the total portfolio acquisition value and he or she considers that the advice of the valuation panel is wrong in a material respect, remit the matter to the valuation panel for reconsideration setting out his or her reasons for doing so.
(2) Where the Minister remits the matter to the valuation panel under subsection (1) (b), subsections (4) and (5) of section 123 and section 124 apply to the reconsideration with any necessary modifications.
(3) The Minister shall send copies of his or her determination under subsection (1) to NAMA and to the participating institution concerned.
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