CP-2.2.3
Notwithstanding the provisions of Paragraph CP-2.2.1 above, the amount payable under the Scheme in any one calendar year (the 'current year') should not exceed BD 25,000,000 (regardless of the number of relevant banks in existence in the year), provided that if circumstances so demand (and subject to the prior approval of the Governor of the CBB being obtained) the Board (which term for this Paragraph, will not include the liquidator of a relevant bank) may make available to the Scheme for the current year:
(a) Any portion of the above amount for the calendar year immediately preceding the current year which has not been utilized in that calendar year; together with
(b) Any portion of the above amount for the calendar year immediately following the current year.
The Board may, from time to time and with the prior approval of the Governor of the CBB, amend the figure of BD 25,000,000 referred to in this Paragraph.
Amended: January 2011
October 07
October 07