Schedule 3, Part 1 Amendment of European Communities (Financial Collateral Arrangements) Regulations 2010

1

Regulation 18A

Substitute:

"Relationship between these Regulations and Credit Institutions (Stabilisation) Act 2010 and Central Bank and Credit Institutions (Resolution) Act 2011.

18A. (1) In this Regulation -

'Act of 2010' means the Credit Institutions (Stabilisation) Act 2010 (No. 36 of 2010);

'Act of 2011' means the Central Bank and Credit Institutions (Resolution) Act 2011 (No. - of 2011).

(2) For the avoidance of doubt, nothing in Regulation 6, 7, 10, 11 or 12 shall affect the operation or effect of -

(a) section 61 of the Act of 2010, or

(b) section 100 of the Act of 2011.

(3) Without prejudice to paragraph (2) and for the avoidance of doubt -

(a) no order or requirement made under the Act of 2010, and no act, omission or consequence referred to in section 61(3) of that Act, and

(b) no order made under the Act of 2011, and no act, omission or consequence referred to in section 100(3) of that Act,

shall constitute