(1) Chapter VI of Part II of the Central Bank Act 1989 does not apply in relation to the acquisition by the Minister, or the transfer by the Minister to the Minister's nominee, of shares in Anglo Irish Bank under this Act.

(2) Regulation 14 (other than paragraph (9) of that Regulation) of the European Communities (Licensing and Supervision of Credit Institutions) Regulations 1992 (S.I. No. 395 of 1992) does not apply in relation to the acquisition by the Minister, or the transfer by the Minister to the Minister's nominee, of shares in Anglo Irish Bank under this Act.

(3) Part 4 (except paragraphs (3) and (4) of Article 40C) of the European Communities (Life Assurance) Framework Regulations 1994 (S.I. No. 360 of 1994) does not apply in relation to the acquisition by the Minister, or the transfer by the Minister to the Minister's nominee, of shares in Anglo Irish Bank under this Act.