Clause
- 2
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Amendment Proposed
(b) by deleting paragraph (b) and substituting the following
"(b) by deleting subsection (2) and substituting
the following
"(2) The Commissioner may, for the
purposes of paragraph (bb) of the proviso
to subsection (1), accept a letter of
comfort if that letter of comfort
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(a) is given by another bank which
(i) is a shareholder in the bank
for the benefit of which the
letter of comfort is given;
(ii)
controls any body corporate
which is a shareholder in the
bank for the benefit of which
the letter of comfort is
given; or
:
(iii) is a bank controlled by a
body corporate which is either
a shareholder in the bank for
the benefit of which the letter
of comfort is given or controls
any body corporate which is a
shareholder in that bank;