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Version status: Ceased | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2014 - onwards
  Version 2 of 2    

9A. Publication of direction orders.

Ceased from 31 December 2014

(1) The Minister shall, as soon as practicable after a direction order is made -

(a) serve a copy of the direction order on the relevant institution concerned, and

(b) publish the order in 2 newspapers circulating generally in the State.

(2) In a particular case, the Minister may, if he or she thinks it necessary to do so, publish a direction order by an additional means or in an additional place.

(3) Without delay after the service of the copy of the direction order, the relevant institution shall take all reasonable measures to ensure that its members are made aware of the order, including, without limiting the generality of the foregoing -

(a) where the shares of the relevant institution are traded from time to time on a financial market (whether a regulated market or not), making an announcement that relates to the existence of the direction order and its effect, to a regulatory news service generally used by relevant institutions in the State for the purposes of announcements

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