Reserve Bank specification of reserve fund rules shifts reporting and oversight to both Reserve Bank and National Housing Bank. Amendment reassigns supervisory and reporting functions in section 29C on the reserve fund by substituting the Reserve Bank for the National Housing Bank in specified determinations, expanding reporting so matters are reported to both the National Housing Bank and the Reserve Bank, adjusting the proviso to reference either authority, and replacing the National Housing Bank with the Reserve Bank in subsection (3).
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Reserve Bank specification of reserve fund rules shifts reporting and oversight to both Reserve Bank and National Housing Bank.
Amendment reassigns supervisory and reporting functions in section 29C on the reserve fund by substituting the Reserve Bank for the National Housing Bank in specified determinations, expanding reporting so matters are reported to both the National Housing Bank and the Reserve Bank, adjusting the proviso to reference either authority, and replacing the National Housing Bank with the Reserve Bank in subsection (3).
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