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(a) dismiss the relevant person from his position in the licensed financial institution or affiliate; prohibit the relevant person from serving in or engaging in banking business permanently or for a stated period; and (c) require the relevant person to dispose of all or any part of his direct or indirect ownership interest in the licensed financial institution or affiliate or cease to hold a significant interest in it. 79. The powers of the Central Bank under sections 75 to 78 are in addition to any other provisions authorizing or requiring the Central Bank to take action or impose penalties under other sections of this Act. 80. A licensed financial institution, its affiliate, or any director, officer, employee or significant shareholder of a licensed financial institution who fails to comply with any requirement or contravenes any prohibition imposed on the licensed financial institution under this Part commits an offence and is liable on summary conviction: (a) in the case of the licensed financial institution or its affiliate, to a fine of one hundred thousand dollars, and in the case of a continuing offence, to a further penalty of ten thousand dollars for each day on which the offence is continued after conviction; (b) in the case of any individual specified in this section, to a fine of fifty thousand dollars and in the case of a continuing offence, to a further penalty of five thousand dollars for each day on which the offence is continued after conviction. (b) Supplemental powers Failure to comply with remedial actions

Effective date of order, warning, agreement, direction 81. Any order, warning, agreement, or direction issued by the Central Bank under

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