|
|
|
Amendment of section 634 of Principal Act
|
| |
67. Section 634 of the Principal Act is amended by the insertion of the following subsection after subsection (9):
|
|
| |
“(9A) (a) As respects a person who has been authorised under paragraph 5 of the Table to section 633 to be appointed a liquidator, the Supervisory Authority may—
|
|
| |
(i) at the time of a grant of authorisation under that paragraph 5, or
|
|
| |
(ii) at any time during the currency of an authorisation so granted,
|
|
| |
by notice in writing to the person, attach to the authorisation such terms and conditions as it thinks necessary or expedient, which said terms and conditions shall be specified in the notice.
|
|
| |
(b) The Supervisory Authority may, where it thinks it necessary or expedient to do so, by notice in writing to the person concerned, amend one or more of the terms and conditions attached to an authorisation pursuant to paragraph (a).
|
|
| |
(c) The Supervisory Authority may, at any time upon request in writing in that behalf by a person who has been authorised under paragraph 5 of the Table to section 633 to be appointed a liquidator, withdraw the person’s authorisation.”.
|
