(1) The Minister, after consultation with the Governor and the Central Bank, may direct a participating institution to draw up or amend, within a specified period, a restructuring plan for the purposes of this Act.
(2) A participating institution that is given a direction under subsection (1) shall submit a draft of the restructuring plan for the Minister's approval within the period specified in the direction.
(3) The Minister, after consultation with the Governor and the Central Bank, may direct a participating institution to amend a draft restructuring plan in a specified respect. The direction shall specify a period within which the participating institution is required to do so.
(4) A participating institution that is directed under subsection (3) to amend a draft restructuring plan shall do so within the period specified in the direction.
(5) If the Minister approves a draft restructuring plan, the participating institution concerned shall put the plan into effect in accordance w
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