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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2010 - onwards
  Version 3 of 3    

68. Obligations of participating institutions.

(1) A participating institution shall -

(a) when making a report, or providing information, books, records or an explanation, whether or not in answer to a request from NAMA or the Minister, make full disclosure in utmost good faith of matters relevant to the making of a decision by NAMA whether or not to acquire a bank asset or the determination of its acquisition value,

(b) co-operate promptly and fully (including by way of supplying information, books, records and explanations to NAMA in response to any request by NAMA) with NAMA in its due diligence processes in relation to bank assets being considered for acquisition,

(c) provide such services (including relevant services within the meaning given by section 128) as NAMA directs in connection with an acquired bank asset, in accordance with any terms and conditions that NAMA specifies,

(d) comply with any direction given by the Minister or NAMA in relation to the performance of the participating institution's obligations under this

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