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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2021 - onwards
  Version 2 of 2    

20B. Directions by Minister to National Pensions Reserve Fund Commission.

Repealed from 31 December 2021

(1) Notwithstanding any provision of this Act, the Minister may give directions in writing to the Commission to -

(a) provide credit to, or make an investment in, the Strategic Banking Corporation of Ireland on terms or conditions specified in the direction,

(b) exercise, on the terms and conditions specified in the direction, any rights attaching to such credit arrangement or investment,

(c) terminate or dispose of, on the terms and conditions specified in the direction, the credit arrangement or investment, or

(d) provide funding to the Strategic Banking Corporation of Ireland for the purposes of funding the subscription of shares by the Minister in accordance with section 11(4) of the Strategic Banking Corporation of Ireland Act 2014.

(2) The Commission shall comply with a direction given under subsection (1).

Comparing proposed amendment...