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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2010 - onwards
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209. Compliance with directions.

(1) Where the Central Bank is of the opinion that a participating institution has not complied with a direction under this Part, the Central Bank may apply to the Court for an order that the institution comply with the direction.

(2) On hearing an application under subsection (1), the Court may order the participating institution concerned to comply with the relevant direction or refuse the application, as it thinks fit.

(3) An application under subsection (1) shall be made summarily.

(4) When dealing with an application under subsection (1) the Court may make any interim or interlocutory order it considers appropriate.

(5) The Court shall not deny interim or interlocutory relief referred to in subsection (4) solely on the basis that the Central Bank would not suffer any damage if the relief were not granted pending conclusion of the proceedings.

(6) If the Court is satisfied that for reasons of commercial confidentiality a hearing under this section should be conducted otherwise than

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