Section 79, The Banking Act, 2019

(1) Not later than 30 days after his appointment the officialadministrator shall prepare and deliver to the Central Bank an inventory report of the assets and liabilities of a bank in official administration. (2) An inventory report under subsection (1), shall - (a) itemize the assets and liabilities of a bank in official administration according to their risk profiles and classify the non-performing loans; (b) propose a plan of corrective actions including recommendations for capital increase or any other course of action designed to minimize disruption to depositors and preserve the stability of the financial system. (3) Not later than 90 days after his appointment, the official administrator shall prepare and deliver to the Central Bank a report on the financial condition and future prospects of a bank in official administration. 94 95 oversight of official administrator. Moratorium and effect of official administration on proceedings. Third party rights or obligations. Inventory and plan of action to resolve bank. (4) A report on the financial condition and future prospects of a bank in official administration under subsection (3), shall include an assessment of the amount of assets likely to be realised in a liquidation of the bank. (5) An official administrator shall promptly provide any additional report or information requested by the Central Bank.