Trustee Savings Banks Act, 1989

Statement of management expenses.

28.—(1) Whenever the Minister, by notice in writing given to the Central Bank, so requires, the Central Bank shall give a direction to the trustees of a trustee savings bank requiring them to furnish it with a statement in writing within such period as may be specified in the direction of the expenses incurred by the bank in its management and administration and generally in the carrying on of the business thereof during such period as may be specified in the request.

(2) Statements received by the Central Bank pursuant to subsection (1) shall be transmitted to the Minister forthwith.

(3) A person who fails or refuses to comply with a direction under this section shall be guilty of an offence.