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Participating Government financing of transfers of deposits 187. (1) (a) In the event that the Central Bank initiates official administration or receivership of a licensed financial institution, a Participating Government may, if appropriate, provide financing in the amount necessary to facilitate the transfer of deposits held by the licensed financial institution. (b) A Participating Government in providing financing under paragraph (a) may take into consideration: (i) its fiscal and debt profile; and (ii) the costs that would have been incurred in paying out depositors in a liquidation. (2) Where a Participating Government provides such financing, the Participating Government shall assume the rights of depositors against the licensed financial institution and shall enjoy the priority conferred on depositors over other unsecured creditors in section 153 of this Act. Immunity 188. The official administrator appointed under Part IX of this Act and the receiver appointed under Part X shall be immune from legal process with respect to acts performed or omissions made by them in their official capacity in good faith except where such acts or omissions are as a consequence of fraud, gross negligence or wilful recklessness on the part of the official administrator and the receiver.

Non-application of Aliens (Landholding Regulation) 189. The provisions of the Aliens (Landholding Regulation) Act, 20 [ ] do not apply to the licensed financial institutions under this Act.

Provisions applicable to credit institution, class of credit institution and financial 190. group The Minister, on the recommendation of the Central Bank may by Order prescribe that any

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