Central Bank Act, 1989.

Conditions on approval of proposed acquiring transaction.

80.—(1) An approval given by the Bank to a proposed acquiring transaction shall be subject to such conditions, if any, as the Bank—

(a) may impose (being conditions which in the opinion of the Bank are necessary for the orderly and proper regulation of banking), and

(b) shall impose (being conditions specified by the Minister under section 77 ).

(2) The Bank may, at any time, amend or revoke a condition with, in the case of a condition to which subsection (1) (b) relates, the consent of the Minister.