(1) While an institution under resolution is under special management -
(a) that institution shall not convene or hold any general meeting other than where the special manager so directs,
(b) the rights and powers of shareholders and members under any enactment or contract stand suspended and are not exercisable,
(c) section 212 of the Act of 2014 does not apply, and
(d) no derivative action may be brought in respect of that institution under resolution.
(2) The special management of the institution under resolution has effect notwithstanding anything in -
(a) the Act of 1989, the Act of 2014 or the Central Bank Acts 1942 to 2014,
(b) any other rule of law or equity,
(c) any code of practice made under an enactment,
(d) the listing rules of any regulated market or the rules of any other market on which the shares of an institution or entity may be traded from time to time,
(e) the constitution of the institution under resolution, or
(f) any agreement to which that institution under res
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