Clause
6
BANKING (AMENDMENT) BILL 1983
COMMITTEE STAGE
Amendments to be moved by the Financial Secretary
That clause 6 be amended
(a) in paragraph (a)
Amendment Proposed
(i) by inserting a dash after "subsection (1)" and
redesignating the remainder of the paragraph to be
sub-paragraph (i);
(ii) by inserting after sub-paragraph (i) the following
"(ii) by inserting after paragraph (b) of the
proviso the following
K749
"(bb) a bank 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) while the bank
conforms with any limitation on the
aggregate amount of any advances, loans,
facilities, guarantees or liabilities
which the bank may make imposed by
the Commissioner under subsection
(3)(a) or (6) or by the terms of the
letter of comfort;";";