No.l2 BANK1NG AMENUtv!ENT infom1ation will be used for the processing of the application: Provided that, where the applicant is not satisfied with the credit infmmation obtained from the Credit Registry, he or she may consult the Registry and the Registry shall infom1 him or her of the nature of the information it supplied to the participating institution. (9) If(a) an institution or utility body refuses or fails to become a participating institution; or (b) a participating institution refrains from complying, or negligently fails to comply, with any requirement imposed under this section; the Bank may(i) hy directive, require the institution, utility hody or participating institution to remedy the situation; or (ii) impose on the institution, utility body or participating institution a penalty not exceeding the equivalent of a fine of level five for each day that the contravention has continued.". (2) The wholly owned company of ilie Reserve Bank of Zimbabwe called the Zimbabwe Asset Management Corporation (Private) Limited, incorporated in terms of the Companies Act [Chapter 24:03] on the 15th July, 2014, shall be deemed to be a special asset management company established with effect from the date of its incorporation in tenns of Part IXA of the Reserve Bank of Zimbabwe Act [Chapter 22: 15]. 41 Repeal of Cap. 24:28 The Troubled Financial Institutions (Resolution) Act [Chapter 24:28] is repealed. 42 Amendment of Cap. 24:29 The Deposit Protection Corporation Act [Chapter 24:29] is amended(a) in section 2 ("Interpretation")( i) by the repeal of the definition of" examiner"; (ii) by the repeal of the definition of "prudential requirement" and the substitution of""prudential requirement" means a prudential requirement prescribed or fixed in terms of the Banking Act [Chapter 24:20];"; (iii) by the repeal of the definition of "troubled"; (b) in section3 ("When contributory institution becomes financially distressed, troubled or insolvent") by the repeal of subsection (2); (c) by the repeal of section 26 ("Prudential requirements"); (d) in section 35 ("Compensation payable to depositors on insolvency of contributory institution") by the insertion in subsection ( 1) of the follmving prOVISO- "Provided that the Corporation shall wherever possible ensure the payment of such compensation within sixty days after the contributory institution became insolvent."; 256 2015