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In force2024 Revised Edition
Contents

Part 7

64. Remuneration and expenses of Authority and others

(1)

The Authority may at any time (whether or not the appointment of such person has terminated) fix the remuneration and expenses to be paid

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by a bank to any person appointed by the Authority under section 59 or 60 to advise a bank in the proper conduct of its business.

(2)

Where, under sections 59(2)(c) and 60(b) the Authority has assumed control of the business of a licensed bank or some other person has assumed control of the business of such a bank pursuant to a direction or orders of the Authority, the Authority may, at any time, whether or not it or that other person has ceased to be in control of the business of the bank, fix the remuneration and expenses to be paid by the bank to the Authority and to any person employed or authorised by it under section 63(3) to assist it in the control of and the carrying on of the business of the bank, or to that other person, as the case may be.

Report

Part

Overseas Branches and Representative Offices of Domestic Banks

Part

Unclaimed Balances

Part

Invitations to Make Deposits

Part

General

Schedules