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rating, a summary of which will be provided to the depositor or customer upon request; or (ii) a licensed financial institution for which a receiver or official administrator has been appointed, or any individual referred to above with respect to that licensed financial institution, from providing access to confidential information of the licensed financial institution that is necessary to conduct due diligence in connection with a potential acquisition of part or all of the assets and liabilities for the licensed financial institution, whether through direct transfer or through a merger or similar corporate transaction.

Administrative penalties 179. An administrative penalty levied pursuant to this Act may be recovered as a civil debt.

Administrative penalties to be placed to the credit of Central Bank 180. (1) The penalties imposed under sections 9(3), 19(9), 19(10), 44(4), 56(2), 57(8), 68, 69(5), 96 and 174 shall be paid to the Central Bank.

(2) The Central Bank may, without prejudice to any other remedies available to it under the law recover such penalties by deduction from any deposit maintained by a licensed financial institution with the Central Bank.

Schedule III offences 181. (1)

This section applies to an offence specified in Schedule III.

(2) Where circumstances giving rise to a reasonable belief that a person has committed an offence specified in Schedule III, the Central Bank may give notice in the form prescribed in Schedule IV offering that person the opportunity to discharge any liability to conviction of that offence by payment of a fixed penalty under this section.

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