250. Civil action by Bank

Where it appears to the Bank that there is a reasonable likelihood that any person will contravene or has contravened or will breach or has breached or is likely to fail to comply with or has failed to comply with any—

provisions of this Act;

provisions of any regulations made pursuant to this Act;

order made or direction issued by the Bank under this Act including an order made under section 106 or a direction issued under section 128 or 168, subsection 225(6) or section 227;

standards, condition, restriction, specification, requirement or code made or issued pursuant to any provision of this

action taken by the Bank under subsection 245(3), the Bank may institute civil proceedings in the court seeking any order specified under subsection 251(1) against that person whether or not that person has been charged with an offence in respect of the contravention or breach or whether or not a contravention or breach has been proved in a prosecution.