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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 20 November 2015 - onwards
Version 2 of 2

Regulation 32 Amendment of Central Bank and Credit Institutions (Resolution) Act 2011

Central Bank and Credit Institutions (Resolution) Act 2011 (No. 27 of 2011) is amended -

(a) in section 75(1) -

(i) by inserting the following definitions:

"'Act of 2009' means the Financial Services (Deposit Guarantee Scheme) Act 2009 (No. 13 of 2009);

'legacy fund' means any fund established, held and administered by the Bank for the purpose of receiving a specified proportion of the funds standing to the credit of the deposit protection account, which relate to credit institutions, that are transferred from that account;

'Fund' has the meaning assigned to it by Regulation 3 of the Regulations of 2015;

'Regulations of 2015' means the European Union (Deposit Guarantee Schemes) Regulations (S.I. No 516 of 2015);", and

(ii) by substituting for the definition of "eligible depositor" the following:

"'eligible depositor' means a person with an eligible deposit (within the meaning of Regulation 3 of the Regulations of 2015);",

(b) in section 79(2), by substituting "(within the meaning of section 1 of the Act of 2009)" for "(within the meaning in Regulation 8A of the Regulations of 1995)",

(c) in section 80(1)(a) -