Section 8(3) of the Irish Takeover Panel Act 1997 (No. 5 of 1997) is amended by inserting after paragraph (b) the following:
"(c) Rules made by the Panel in accordance with paragraph (a) shall not apply in the case of use of resolution tools, powers and mechanisms provided for in Part 4 of the European Union (Bank Recovery and Resolution) Regulations 2015 (S.I. No. 289 of 2015).".