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

82. Amendment of Central Bank and Credit Institutions (Resolution) Act 2011.

(1) In this section "Act of 2011" means the Central Bank and Credit Institutions (Resolution) Act 2011.

(2) Section 10 of the Act of 2011 is amended -

(a) in subsection (2) -

(i) by deleting paragraph (a), and

(ii) in paragraph (b) by inserting "46," after "42(5),",

and

(b) in subsection (4) by substituting "Subject to section 11(3), the Bank" for "The Bank".

(3) Section 11 of the Act of 2011 is amended by inserting the following subsection after subsection (2):

"(3) Notwithstanding section 10(4), the Bank shall from time to time pay interest at the rate determined under subsection (2) on monies standing to the credit of the Fund.".

(4) The Act of 2011 is amended by inserting the following section after section 11: