National Asset Management Agency Act 2009


Directions in relation to conduct of participating institutions.

206.— (1) The F23 [ Central Bank ], may, with the approval of the Minister, give a direction to a participating institution in order to achieve the purposes of this Act, as specified in section 2 .

(2) A direction under subsection (1) may—

( a) restrict balance sheet growth,

( b) restrict the institution’s ability to take over other credit institutions,

( c) require balance sheet reduction, or

( d) restrict or require consolidation and merger of participating institutions.