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  1. Credit Institutions (Stabilisation) Act 2010 (No. 36)
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 21 December 2010

Credit Institutions (Stabilisation) Act 2010 (No. 36)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Acts Referred to
Part 1 Preliminary (ss. 1-6)
Ceased
 1. Short title and commencement.
Ceased
 2. Interpretation.
Ceased
 3. Prescribed institutions.
Ceased
 4. Purposes of Act.
Ceased
 5. Independence of Bank and Governor not affected.
Ceased
 5A. Minister and Bank to have regard to European Union law.
Ceased
 6. Relationship framework.
Part 2 Direction orders (ss. 7-11)
Ceased
 7. Proposed direction orders.
Ceased
 8. Relevant institution may act in accordance with proposed direction order.
Ceased
 9. Direction orders.
Ceased
 9A. Publication of direction orders.
Ceased
 10. Application to vary direction order.
Ceased
 11. Application to set aside direction order.
Part 3 Special management (ss. 12-27)
Ceased
 12. Interpretation (Part 3).
Ceased
 13. Proposed special management orders.
Ceased
 14. Special management orders.
Ceased
 14A. Publication of special management orders.
Ceased
 15. Application to vary special management order.
Ceased
 16. Application to set aside special management order.
Ceased
 17. Terms of appointment.
Ceased
 18. Remuneration, etc., of special managers.
Ceased
 19. Resignation and vacancy in office, etc.
Ceased
 20. Functions of special managers.
Ceased
 21. Performance of functions of special managers.
Ceased
 22. Effect of appointment of special manager.
Ceased
 23. Powers of special manager to remove officers, employees and others.
Ceased
 24. Relationship between special managers and directors.
Ceased
 25. Special manager not to be director, etc.
Ceased
 26. Extension of special management.
Ceased
 27. Termination of special management.
Part 4 Subordinated liabilities (ss. 28-32)
Ceased
 28. Proposed subordinated liabilities orders.
Ceased
 29. Subordinated liabilities orders.
Ceased
 29A. Publication of subordinated liabilities orders.
Ceased
 30. Application to vary subordinated liabilities order.
Ceased
 31. Application to set aside subordinated liabilities order.
Ceased
 32. Certain rights of subordinated creditors not exercisable.
Part 5 Transfer of assets and liabilities (ss. 33-43)
Ceased
 33. Proposed transfer orders.
Ceased
 33A. Relevant institution not to dispose of assets, liabilities.
Ceased
 34. Transfer orders.
Ceased
 34A. Publication of transfer orders.
Ceased
 35. Application to vary transfer order.
Ceased
 36. Application to set aside transfer order.
Ceased
 37. Content of transfer order.
Ceased
 38. Financial incentive to transferee.
Ceased
 39. Effect of transfer order general.
Ceased
 40. Effect of transfer order in relation to securities.
Ceased
 41. Transfer of foreign assets and liabilities.
Ceased
 42. Application of Bankers' Books Evidence Act 1879.
Ceased
 43. Stamp duty.
Part 6 General matters in relation to companies, etc. (ss. 44-50)
Ceased
 44. Minister's powers in relation to removal of directors, etc.
Ceased
 45. Minister's powers in relation to appointment of directors, etc.
Ceased
 46. No resolution required, etc.
Ceased
 47. Certain provisions may be included in orders.
Ceased
 48. Directors' duties.
Ceased
 49. Minister not to be director, etc.
Ceased
 50. Minister's powers to impose requirements on relevant institutions.
Part 7 Miscellaneous (ss. 51-70)
In force
 51. Minister may impose certain conditions in relation to financial support.
Ceased
 52. Effect of CIWUD Directive.
Ceased
 52A. Costs incurred in relation to making orders, etc.
Ceased
 53. Act, etc., to over-ride inconsistent provisions.
Ceased
 54. Application of laws in relation to transfers, etc., of credit institutions.
Ceased
 55. Orders in relation to particular relevant institutions.
Ceased
 56. Expression of intention in relation to exercise of powers in relation to particular relevant institutions.
Ceased
 57. Minister's and Court's powers under this Act not exclusive of other powers.
Ceased
 58. Minister's power to take certain proceedings in other jurisdictions.
Ceased
 59. Proposed orders to be kept in confidence.
Ceased
 60. Confidentiality of proceedings.
Ceased
 61. Effect of orders on certain other obligations.
Ceased
 62. Limitation of operation of section 61.
Ceased
 63. Limitation of judicial review.
Ceased
 64. Limitation of certain rights of appeal to the Supreme Court.
Ceased
 65. Application of laws in relation to netting agreements, etc.
Ceased
 66. Saving of legal proceedings, etc.
In force
 67. Prohibition of certain secured borrowings.
Ceased
 68. Regulations.
Ceased
 69. Cessation of effect of Act.
Ceased
 70. Disapplication of section 7 of Official Languages Act 2003.
Part 8 Amendment of other enactments (ss. 71-77)
Ceased
 71. Amendment of Building Societies Act 1989.
Ceased
 72. Amendment of Central Bank Act 1942.
Ceased
 73. Amendment of Central Bank Act 1971.
Ceased
 74. Amendment of Act of 2008.
Ceased
 75. Amendment of National Asset Management Agency Act 2009.
Ceased
 76. Amendment of National Pensions Reserve Fund Act 2000.
Ceased
 77. Amendment of Regulations of 2004.
Schedule 1 Amendments of Acts
Ceased
 Schedule 1, Part 1 Amendments of Building Societies Act 1989
Ceased
 Schedule 1, Part 2 Amendment of Central Bank Act 1942
Ceased
 Schedule 1, Part 3 Amendments of Central Bank Act 1971
Ceased
 Schedule 1, Part 4 Amendments of Act of 2008
Ceased
 Schedule 1, Part 5 Amendment of National Asset Management Agency Act 2009
Ceased
 Schedule 2 Amendments of Regulations of 2004
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