Clause

8

Amendment Proposed

Commissioner exercises his powers under

subsection (6) in relation to the deposit-

taking company, the provisions of para-

graphs (a) and (b) of subsection (3)

shall not apply in relation thereto.

(6)

The Commissioner may at any

time, by notice to a deposit-taking

company, the liabilities of which are

assured by a letter of comfort accepted

by the Commissioner under subsection (2),

or deemed to have been accepted by him

under subsection (5)

(a)

where any limit has been specified

for the purposes of paragraph (a)

of subsection (3) or any require-

ment imposed under paragraph (b)

of that subsection, specify a

new limit or vary such a require-

ment, but he shall not impose

a more restrictive limit unless

he is of the opinion that

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