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Bank’s power to give directions
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34. (1) Where the Bank is satisfied that an ATM operator or CIT provider, as the case may be, has failed, is failing or is likely to fail, to comply with any condition or requirement (including any prescribed requirement) imposed by or under this Act, the Bank may decide to give a direction to the ATM operator or CIT provider concerned to comply with the condition or requirement specified in the direction.
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(2) The provisions of a direction under subsection (1) have effect from the date specified in the direction in relation to them.
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(3) A direction under subsection (1) shall set out—
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(a) the terms of the direction, including any specification of a date by which, or a period within which, any provision made by the direction is to be complied with, and
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(b) any incidental, consequential or supplemental provisions for implementing the direction and ensuring that it is fully and effectively carried out.
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(4) The Bank may publish a direction under subsection (1) in any such manner as the Bank considers appropriate.
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(5) An ATM operator or CIT provider, as the case may be, shall comply with a direction given to it under subsection (1).
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(6) A decision by the Bank to give a direction under subsection (1) is an appealable decision for the purposes of Part VIIA of the Act of 1942.
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