(1) Where the statutory compensation scheme identifies, in the course of an examination under section 35, a deficiency in the legal, organisational or economic circumstances, including the asset, financial, earnings and risk position, of the CRR credit institution, and the deficiency is such as to increase the risk of a compensation event occurring, the compensation scheme may require the CRR credit institution to report to it on the measures planned to remedy the deficiency and their implementation.
(2) This does not affect the statutory compensation scheme's powers under section 35.
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Part 3 · Deposit Guarantee Schemes › Division 3 · Examination of CRR Credit Institutions by Statutory Compensation Schemes › Section 39
CRR credit institutions' duty to report on remedying deficiencies
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