Schedule 3, Part 7 Amendment of Central Bank Act 1989

1.

Section 50 (as substituted by item 5 of Part 9 of Schedule 1 to the Central Bank and Financial Services Authority of Ireland Act 2003)

In subsection (4), insert "or 268" after "section 233".

2.

Section 77

Substitute the following subsection for subsection (2):

"(2) The Minister may give consent under subsection (1) only after consulting the Minister for Enterprise, Trade and Employment, and after being satisfied that the Bank's proposed decision to approve or refuse its approval—

(a) would be in the interests of proper and orderly regulation of banking, and

(b) would be in the public interest, bearing in mind the effect of the transaction on the continued availability of financial services, both generally and on a social and geographical basis and on the capacity of the State to manage the State's economy generally and in order to comply with its obligations under the la