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AI Summary of 10. Matters to which Bank shall have regard before giving notice under section 9.
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10. Matters to which Bank shall have regard before giving notice under section 9.
Before giving a notice under section 9, the Bank, taking account of the purposes for which the report is required, shall have regard to at least the following matters -
(a) whether any other powers that may be available to the Bank under any provision of financial services legislation may be more appropriate in the circumstances concerned,
(b) the relevant knowledge and expertise available to the reviewee, and
(c) the cost implications for the reviewee of providing the report, the resources available to the reviewee and the benefit to the reviewee of providing the report.