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PART IV
Ratios and Investments
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Control of ratios between assets and liabilities.
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37.—(1) The Minister for Finance may, after consultation with the Minister, the Registrar and the Central Bank, require a society to maintain—
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(a) a ratio not exceeding a specified ratio, or
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(b) a ratio which is not less than a specified ratio,
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between its assets and its liabilities, and the specified ratio may be expressed as a percentage of the assets or liabilities concerned.
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(2) A requisition under this section may be expressed to apply in relation to—
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(a) all societies,
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(b) a specified class or classes of societies (denoted by reference to such matters as the Minister for Finance considers appropriate),
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(c) total assets or total liabilities, or
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(d) a specified class or classes of assets or liabilities (denoted by reference to such matters as the Minister for Finance considers appropriate).
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(3) A requisition under this section shall have effect in accordance with its terms and may be varied or revoked by the Minister for Finance, after consultation with the Minister, the Registrar and the Central Bank.
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