335Registrar’s directions about obtaining financial accommodation

#### 335 Registrar’s directions about obtaining financial accommodation 335 Registrar’s directions about obtaining financial accommodation > > (1) The Registrar may, by written notice served on a co-operative, give a direction to the co-operative as to the way in which it is to exercise its functions in relation to the activities of the co-operative in obtaining financial accommodation. > > > (2) A direction under subsection (1) may make provision for one or more of the following matters— > > > > > (a) requiring the co-operative to stop obtaining financial accommodation or to stop obtaining financial accommodation in a particular way; > > > > > (b) requiring the co-operative to repay in accordance with the direction all or part of financial accommodation obtained; > > > > > (c) requiring the co-operative to refinance in a stated way financial accommodation repaid in accordance with the Registrar’s direction; > > > > > (d) the way in which the co-operative is permitted to invest or use the proceeds of financial accommodation it obtains. > > > (3) The co-operative may, within 28 days after the direction is given, apply to the designated tribunal for a review of the direction, and the designated tribunal may confirm, modify or rescind the direction or substitute another direction.