Central Bank and Credit Institutions (Resolution) Act 2011


Resignation and vacancy in office, etc.

65.— (1) A special manager may resign by giving 2 months’ written notice addressed to the Bank.

(2) The Bank may remove a special manager at any time for any reason.

(3) If a special manager resigns or is removed, the Bank may appoint another special manager by instrument in writing.

(4) The resignation or removal of a special manager does not of itself terminate the special management of the authorised credit institution, subsidiary or holding company concerned.