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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 51 Publication of temporary administration order.

(1) The competent authority shall, as soon as practicable after a temporary administration order is made -

(a) serve a copy of the temporary administration order on the institution concerned, and

(b) other than where the temporary administrator does not have the power to represent the institution, publish the order in 2 newspapers circulating generally in the State.

(2) In a particular case, the competent authority may, where it thinks it necessary to do so, publish a temporary administration order by an additional means or in an additional place.

(3) Without delay after the service of the copy of the temporary administration order on it, the institution shall take all reasonable measures to ensure that its shareholders, are made aware of the order, including, without limiting the generality of the foregoing -

(a) where the shares of the institution are traded from time to time on a financial market (whether a regulated market or not), making an announcement that relates to the existen

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