Section 45 of the Act of 2010 is amended -

(a) by the substitution of the following subsections for subsection (1):

"(1) As soon as practicable after the service of a prohibition notice on the prohibited person, the Bank or the Governor, as the case may be, shall, subject to section 46, make an application to the Court for confirmation of the notice.

(1A) An application under subsection (1) may be made on an ex parte basis provided that the prohibited person informs the Bank or the Governor, as the case may be, in writing that he or she agrees to the application being made ex parte.",

(b) in subsection (3), by the substitution of "this section" for "subsection (1)",

(c) in subsection (4), by the substitution of "this section" for "subsection (1)",

(d) in subparagraph (ii) of subsection (5)(a), by the substitution of "regulated financial service provider or holding company" for "regulated financial institution",

(e) in subsection (6) -

(i) by the substitution of the following paragraph for paragraph (a):