1. Irish Financial Services Law
  2. Legislation (IE)
  3. Acts
  4. 2001
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  1. Asset Covered Securities Act, 2001 (No. 47)
  2. Part 4 Regulation of Designated Credit Institutions (ss. 27-58D)
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Part 4 Regulation of Designated Credit Institutions (ss. 27-58D)

Comparing proposed amendment...
Chapter 1 Issue of asset covered securities by designated mortgage credit institutions (ss. 27-41A)
In force
 27. Interpretation (Chapter 1).
In force
 28. Designated mortgage credit institution to carry on permitted business activities only.
In force
 29. Power of designated mortgage credit institution to issue mortgage covered securities.
In force
 29A. Extendable maturity structures - designated mortgage credit institution
In force
 30. Designated mortgage credit institution may enter into certain kinds of contracts.
In force
 31. Restrictions on business activities of designated mortgage credit institution.
In force
 32. Designated mortgage credit institution to establish and maintain cover assets pool.
In force
 32A. Cover asset pool liquidity buffer - designated mortgage credit institution
In force
 33. What can be included in a cover assets pool maintained by a designated mortgage credit institution.
In force
 34. What action is to be taken by a designated mortgage credit institution that is in breach of cover assets pool provisions.
In force
 35. Substitution of certain cover assets and restrictions on inclusion of substitution assets in cover assets pool of designated mortgage credit institution.
In force
 36. Use of realised proceeds of cover asset by designated mortgage credit institution.
In force
 37. Inclusion of asset in, and removal of asset from, cover assets pool.
In force
 38. Designated mortgage credit institution to keep register of mortgage covered securities business.
In force
 38A. Reporting requirements - designated mortgage credit institution
In force
 39. Authority and cover-assets monitor to have access to register of mortgage covered securities business.
In force
 39A. Lifting of certain restrictions on cover assets pool of a designated mortgage credit institution.
In force
 40. Financial statements in respect of designated mortgage credit institution.
In force
 40A. Investor information - designated mortgage credit institution
In force
 41. Valuation of assets held by designated mortgage credit institutions.
Repealed
 41A. Modifications to this Chapter in its application to securitised mortgage credit assets.
Chapter 1A Issue of asset covered securities by designated commercial mortgage credit institutions (s. 41B)
In force
 41B. Modifications to Chapter 1 and sections 4(2) to (5), 58, 61, 71 and 91 to enable them to apply to designated commercial mortgage credit institutions.
Chapter 2 Issue of asset covered securities by designated public credit institutions (ss. 42-56)
In force
 42. Interpretation (Chapter 2).
In force
 43. Designated public credit institution to carry on permitted business activities only.
In force
 44. Power of designated public credit institution to issue public credit covered securities.
In force
 44A. Extendable maturity structures - designated public credit institution
In force
 45. Designated public credit institution may enter into certain kinds of contracts.
In force
 46. Restrictions on business activities of designated public credit institution.
In force
 47. Designated public credit institution to establish and maintain cover assets pool.
In force
 47A. Cover asset pool liquidity buffer - designated public credit institution
In force
 48. What can be included in the cover assets pool maintained by a designated public credit institution.
In force
 49. What action is to be taken by a designated public credit institution that is in breach of cover assets pool provisions.
In force
 50. Substitution of certain cover assets and restrictions on inclusion of substitution assets in cover assets pool of designated public credit institution.
In force
 51. Use of realised proceeds of cover asset by designated public credit institution.
In force
 52. Inclusion of asset in, and removal of asset from, cover assets pool.
In force
 53. Designated public credit institution to keep register of public credit covered securities business.
In force
 53A. Reporting requirements - designated public credit institution
In force
 54. Authority and cover-assets monitor to have access to register of public credit covered securities business.
In force
 54A. Lifting of certain restrictions on cover assets pool of a designated public credit institution.
In force
 55. Financial statements in respect of designated public credit institution.
In force
 55A. Investor information - designated public credit institution
In force
 56. Valuation of assets held by designated public credit institutions.
Chapter 3 Provisions applicable to asset covered securities generally (ss. 57-58D)
In force
 57. Protection of disclosures made to an authorised recipient.
In force
 58. Transfer of business or assets from one credit institution to another.
In force
 58A. Valuation of assets.
In force
 58B. Automatic acceleration.
In force
 58C. Documentation, systems and processes.
In force
 58D. Labelling.
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