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Regulation of ratios between assets and liabilities of trustee savings bank.
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31.—(1) (a) The Central Bank may from time to time give a direction to a trustee savings bank requiring it to maintain—
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(i) a specified ratio,
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(ii) a ratio that does not exceed a specified ratio, or
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(iii) a ratio that is not less than a specified ratio,
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between its assets and liabilities.
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(b) A specified ratio under paragraph (a) may be expressed as a percentage of the assets or liabilities concerned.
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(2) A direction under this section may be expressed to apply—
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(a) in relation to all trustee savings banks or to a specified trustee savings bank or specified trustee savings banks,
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(b) in relation to the total assets or total liabilities of the trustee savings bank or each of the trustee savings banks concerned or to specified assets or assets of a specified kind or specified liabilities or liabilities of a specified kind of the trustee savings bank concerned or each of the trustee savings banks concerned,
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(c) in relation to a specified time or times or period or periods,
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and different ratios, assets, liabilities, times and periods may be specified in a direction under this section in relation to different trustee savings banks.
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(3) A person who fails or refuses to comply with a direction under this section shall be guilty of an offence.
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