Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2013 - onwards
Version 2 of 2

81. Amendment of Financial Services (Deposit Guarantee Scheme) Act 2009.

The Financial Services (Deposit Guarantee Scheme) Act 2009 is amended -

(a) in section 1 by inserting the following definition:

"'relevant Member State institution' means an institution authorised in another Member State which has established in the State a branch which maintains a deposit in the deposit protection account pursuant to Regulation 26 of the Deposit Guarantee Regulations;",

and

(b) by inserting the following sections after section 8:

 "8A. Power of Bank to make regulations for information to be kept relating to eligible deposits.

(1) Where the Bank considers it necessary to do so in the public interest the Bank may make regulations for securing that accurate information in relation to persons who maintain eligible deposits with credit institutions or relevant Member State institutions (in this section referred to as 'depositors') is available to them and to the Bank (in particular to enable the Bank to meet its obligations to make guarantee payments out of the deposit protection account to depositors in accordance with the Deposit Guarantee Regulations).

(2) The regulations may include provision -

(a) requiring credit institutions and relevant Member State institutions to keep such information as the Bank may prescribe in relation to depositors,

(b) about the form and manner in which, and the period for which, the prescribed information is to be kept, and