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(1) The receiver shall have unrestricted access to and control over the offices, books of account and other records and other assets of the bank or specialised deposit-taking institution.

(2) On the request of the receiver, a law enforcement officer shall

(a) assist the receiver to gain access to the premises of the bank or specialised deposit-taking institution; or

(b) assist the receiver to gain control over the records of the bank or specialised deposit-taking institution.

(3) Subsections (1) and (2) apply to the subsidiaries of a bank or specialised deposit-taking institution.

(4) The receiver shall secure the property, offices, books, records, and assets of the bank or specialised deposit-taking institution to prevent dissipation by theft or other improper action.

(5) The receiver shall in exercising its power under subsection (2) take the following actions:

(a) change the locks and limit access to the new keys on external and internal entrances to the bank or specialis equipment which could enable a person to gain unlawful access;

(b) change or establish access codes to the bank or specialised deposit-taking institution and grant access only to a limited number of computers and employees;

(c) issue new photo identification passes for entry by authorised employees to the premises of the bank or specialised deposit-taking institution and control the access of other persons to the premises of the bank or specialised deposittaking institution;

 (d) cancel authorization permitting persons to engage the financial  responsibility  of  the  bank  or  specialised  deposit-taking institution and issue new authorisations, as appropriate and notify third parties concerned;

(e) inform      

(i) correspondent banks or specialised deposit-taking institutions,

(ii) registrars and transfer agents of securities, and

(iii) external asset managers of the bank or specialised deposit-taking institution that persons who previously had authorisation to give instructions on behalf of the bank or specialised deposit-taking institution involved with respect to dealing in the assets of the bank or assets held in trust by the bank or the specialised  deposit-taking  institutions  are  no  longer  authorised  to  give instructions and that only the receiver and persons authorised by the receiver have authority to give instructions;

(f) suspend the payment of capital distribution in general and payment to key management personnel and significant shareholders, except the compensation that may be paid to directors or key management personnel; and

(g) any action necessary for the efficient exercise of the powers of the receiver.

(6) A person who willfully interferes with the access of a receiver to or the control of a receiver over the offices, assets, books of account and other records of a bank or specialised deposit-taking institution for which that person has been appointed, commits an offence and is liable on summary conviction to a fine of not less than one hundred penalty units and not more than five hundred penalty units for each day that the contravention continues, or to a term of imprisonment of not less than one year and not more than five years or to both.

(7) The  suspension  of  payment  under  paragraph  (f)  of subsection (5) does not affect the base compensation payable to directors or key management personnel for services rendered in the capacity as a director or key management personnel of the bank or specialised deposit-taking in-

(8) The receiver shall furnish the institution responsible for deposit protection with information and reports in the form and manner that may he determined by that institution.