Title:
Announced Date:December 15, 2010
Date:October 28, 2015
V. Supplemental Provisions
〈Penalties for violation〉
24. In the event that a financial institution fails to make payment or DVP settlement in accordance with the provisions in Directions 10, 20 and 23, or fails to comply with provisions of these Directions and the violation is of serious nature, the Bank may ban the financial institution from participating in the Bank’s open market operations for a specific period of time.