49. Appropriateness of action

In determining the appropriate action to be taken by the Bank against a person under section 47 or 48, the Bank shall take into consideration the following matters:

(a)

the effectiveness of the action to be taken;

(b)

the proportionality of the action to be taken with the findings of an examination or breach committed;

(c)

deterrence of future breach of similar nature by a registered currency processor, a financial institution or other person;

and

(d)

any other matters as the Bank deems fit.

Opportunity to make representation for action under section 47 or 48

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Read on from s 50

Part VI

General

Read on from Part VI

Part VII

Saving and Transitional

Read on from Part VII

49. Appropriateness of action

Terms defined in s 2

General

Saving and Transitional

Schedules