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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 160 Resolution of Union branches.

(1) Where a Union branch located in the State is either -

(a) not subject to third-country resolution proceedings, or

(b) subject to third-country resolution proceedings and one of the circumstances referred to in Regulation 159(1) applies,

the resolution authority may take one, or more, of the following measures in relation to that Union branch:

(i) withdraw the authorisation of the Union branch, in the case of the branch of a credit institution authorised under section 9A of the Act of 1971;

(ii) direct the Union branch to cease its business in the State;

(iii) direct the Union branch to make changes to its legal or operational structure, including by converting to a subsidiary established in the State;

(iv) direct the Union branch to provide any information necessary to facilitate the exercise of the resolution authority's powers;

(v) take one or more of the early intervention measures specified in Regulation 39 in relation to the Union branch;

(vi) make a proposed resolution order

Comparing proposed amendment...