Section 66 of the Principal Act is amended -

(a) in subsection (1), by the substitution of "after notifying the Bank" for "after consulting the Bank", and

(b) by the substitution of the following subsection for subsection (2):

"(2) Where a director of a credit union has -

(a) been suspended by the board oversight committee in accordance with subsection (1), and

(b) within 7 days of that suspension, notified the board oversight committee, in writing, that he or she is aggrieved by the suspension,

the board oversight committee shall ensure that the secretary of the credit union issues, within 14 days of that notification, a notice of a special general meeting -

(i) for the purpose of reviewing the suspension, and

(ii) to consider whether to remove the director having regard to the action or decision taken by that director.".