Schedule 2, Part 5 Amendments of Act of 2010

1

Section 2(1), definition of "articles of association", paragraphs (a) to (c)

Substitute:

"(a) in the case of a credit institution that is established by charter, its bye-laws, and

(b) in the case of a credit institution that is a building society, its rules;".

2

Section 2(1)

After the definition of "financial support", insert:

" 'functions' includes powers, duties, rights and entitlements, and references to the performance of a function include reference to -

(a) in relation to a power, the exercise of the power,

(b) in relation to a duty, the performance of the duty, and

(c) in relation to a right or entitlement, the exercise of the right or entitlement;".

3

Section 2(1), definition of "relevant institution", paragraph (a)(iii)

After "financial support", insert:

", other than a financial incentive under section 38, or under section 46 of the Central Bank and Credit Institutions (Resolution) Act 2011, No