Cap 581 s 9 Directions of Chief Executive in Council (DEPOSIT PROTECTION SCHEME ORDINANCE)

Contents of Section

Chapter:	581	Title:	DEPOSIT PROTECTION SCHEME ORDINANCE	Gazette Number:	L.N. 101 of 2004
Section:	9	Heading:	Directions of Chief Executive in Council	Version Date:	22/05/2004

(1) After consultation with the Chairman of the Board, the Chief Executive in Council may, on being satisfied that it is in the public interest to do so, give the Board such written directions as he thinks fit with respect to the performance of any of the Board’s functions under this Ordinance.
(2) The Board shall comply with any written direction given under subsection (1).
(3) If a written direction is given under subsection (1), a requirement under an Ordinance that the Board shall, for the purpose of performing any of the functions to which the written direction relates—

(a) form any opinion;

(b) be satisfied as to any matter (including existence of particular circumstances); or

does not apply for any purpose connected with the performance of functions pursuant to, or consequent upon, the written direction.