16. Valuation of assets and liabilities of a licensed bank for the purpose of resolution

In order to assess the value of the assets, liabilities or shares of a licensed bank for the purpose of resolution, the Central Bank may, at any time before the implementation of any resolution measure, direct such licensed bank to cause a prudent and realistic valuation of the assets, liabilities or shares of such licensed bank to be carried out by an independent professional valuer who shall possess such qualifications and experience as may be determined by the

Notwithstanding the provisions of subsection (1), the

Where a definitive valuation for resolution purposes is not possible due to the urgency of taking resolution measures, the Central Bank may-

The payments to be made to the valuer under subsections (1) and (2) shall be borne by the licensed bank in accordance with such terms and conditions as may be determined by the Central Bank.

The Central Bank shall have the authority to appoint and publish a list of professional valuers for the purposes of this section.

The Central Bank may issue directions, from time to time, for the purpose of giving effect to the provisions of this section.