The Central Bank may also take the following remedial actions —
(a) restrict the licensed financial institution or affiliate from further lending or taking further financial exposures, including off-balance sheet transactions, investments, or capital expenditure;
(b) require the licensed financial institution or affiliate to suspend for a specified period of time, alter, reduce, or terminate any activity that in the opinion of the Central Bank has caused material losses to the licensed financial institution or affiliate, is detrimental to the interest of depositors, or presents excessive risk to the licensed financial institution or affiliate;
© require the licensed financial institution or affiliate to sell, liquidate, or otherwise dispose of an affiliate or part of its business;
(d) prohibit payment of bonuses or incentive compensation to any director or officer;
© prohibit the licensed financial institution or affiliate from paying a dividend or making a distribution on its share capital or issue rights, shares or bonus shares to shareholders or to any person claiming under their authority;
(f) require shareholders to contribute additional capital;
(g) suspend or remove any officer of the licensed financial institution or affiliate or restrict the officer's powers;
(h) remove any or all of the directors on the board of the licensed financial institution or affiliate or restrict their powers;
(i) restrict or vary any restriction of a licence;
(j) any other action necessary or appropriate to eliminate the basis for requiring remedial action; or
(k) revoke the licence issued to the licensed financial institution to do banking business under section 14.