Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 (10 of 2018)

Schedule 1   Amendment of the Banking Act 1959

Part 1   Main amendments

Banking Act 1959

35   Paragraph 11CA(1A)(b)

Repeal the paragraph, substitute:

(b) specify:

(i) in the case of a direction under subsection (1AC) - the ground referred to in subsection (1AA) as a result of which the direction is given; or

(ii) otherwise - the ground referred to in subsection (1) or (1AA) as a result of which the direction is given.