Cap. 371 · Banking Act (Cap. 371)
Cap. 371 чл. 28Credit institutions unable to meet obligations.
Notwithstanding any investigation provided for in this Act and any regulations made and, or Banking Rules and, or Conduct of
Business Rules issued thereunder -
(a) where a credit institution, financial holding company or mixed financial holding company establishes that it is likely to become unable to meet its obligations or that it is about to suspend payment, it shall forthwith inform the competent authority and the Governor of the Central Bank in writing;
(b) where the competent authority becomes aware that a credit institution, financial holding company or mixed financial holding company is likely to become unable to meet its obligations or that it is about to suspend payment, it shall forthwith inform the Governor of the Central Bank in writing;
(c) where the Central Bank becomes aware that a credit institution, financial holding company or mixed financial holding company is likely to become unable to meet its obligations or that it is about to suspend payment, it shall forthwith inform the competent authority in writing.
История на изменения
- Amended by LXXI.2021.49