Regulatory direction expands inspection trigger and requires submission of housing finance inspection reports to the central bank. Amendment permits inspections 'at any time or on being directed so to do by the central banking authority' and replaces references to institutions 'accepting deposits' with 'which is a company,' narrowing the covered entities. It also imposes a duty on the housing finance regulator to submit a copy of each inspection report to the central banking authority.
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Regulatory direction expands inspection trigger and requires submission of housing finance inspection reports to the central bank.
Amendment permits inspections "at any time or on being directed so to do by the central banking authority" and replaces references to institutions "accepting deposits" with "which is a company," narrowing the covered entities. It also imposes a duty on the housing finance regulator to submit a copy of each inspection report to the central banking authority.
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