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European Communities (Credit Institutions) (Consolidated Supervision) Regulations 2009 [S.I. No. 475 of 2009]Introductory TextPart 1 Preliminary Provisions (regs. 1-3)Regulation 1 CitationRegulation 2 CommencementRegulation 3 InterpretationPart 2 Consolidated Supervision of Credit Institutions and Financial Holding Companies (regs. 4-19)Regulation 4 Bank to be responsible for supervising certain credit institutions and financial holding companies on consolidated basisRegulation 5 Consolidation of financial situation of financial holding company not to require Bank to play supervisory roleRegulation 6 Parent of subsidiary credit institution to provide Bank with information about subsidiaryRegulation 7 Power of Bank to require consolidation of subsidiary credit institutions and financial institutionsRegulation 8 Bank to determine whether and how consolidation is to be carried outRegulation 9 Bank to be responsible for exercising general supervision over transactions between credit institution and mixed-activity holding company and subsidiaries in certain casesRegulation 10 Bank to co-operate closely with competent authorities of other Member StatesRegulation 11 Bank to enter into arrangements with other competent authorities for co-ordinating consolidated supervision and co-operating with those authoritiesRegulation 11A Bank to establish college of supervisorsRegulation 12 Bank to co-operate closely with other competent authorities responsible forsupervising insurance undertakings and investment undertakingsRegulation 13 Bank to co-operate with other competent authorities in relation to creditinstitutions authorised in other Member StatesRegulation 14 Bank to communicate relevant information to other competent authoritiesRegulation 15 Verification of information at request of competent authority of another Member StateRegulation 16 Bank to maintain list of financial holding companiesRegulation 17 Management of financial holding companiesRegulation 18 Credit institutions whose parent undertakings are located in third countryRegulation 19 Associated enterprises, etc., to establish and maintain internal reporting,managerial and technological arrangementsPart 3 Enforcement of these Regulations (regs. 20-21)Regulation 20 Application of certain enactmentsRegulation 21 Enforcement of Bank directionsPart 4 Miscellaneous Provisions (regs. 22-28)Regulation 22 Other laws not to prohibit credit institutions or associates from disclosing certain information to each otherRegulation 23 Privileged communications not required to be disclosedRegulation 24 Bank not required to license, authorise or supervise person not credit institutionRegulation 25 Bank not to be liable for losses incurred through insolvency or default of persons subject to supervision under these RegulationsRegulation 26 Application of certain enactments, etc., to certain asset management companiesRegulation 27 Revocation of superseded RegulationsRegulation 28 Consequential amendment of Central Bank Act 1942Schedule 1 Banking Sector Enactments and RegulationsGiven underExplanatory Note
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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Published date: 15 December 2009

European Communities (Credit Institutions) (Consolidated Supervision) Regulations 2009 [S.I. No. 475 of 2009]

Introductory Text
Part 1 Preliminary Provisions (regs. 1-3)
Regulation 1 Citation
Regulation 2 Commencement
Regulation 3 Interpretation
Part 2 Consolidated Supervision of Credit Institutions and Financial Holding Companies (regs. 4-19)
Regulation 4 Bank to be responsible for supervising certain credit institutions and financial holding companies on consolidated basis
Regulation 5 Consolidation of financial situation of financial holding company not to require Bank to play supervisory role
Regulation 6 Parent of subsidiary credit institution to provide Bank with information about subsidiary
Regulation 7 Power of Bank to require consolidation of subsidiary credit institutions and financial institutions
Regulation 8 Bank to determine whether and how consolidation is to be carried out
Regulation 9 Bank to be responsible for exercising general supervision over transactions between credit institution and mixed-activity holding company and subsidiaries in certain cases
Regulation 10 Bank to co-operate closely with competent authorities of other Member States
Regulation 11 Bank to enter into arrangements with other competent authorities for co-ordinating consolidated supervision and co-operating with those authorities
Regulation 11A Bank to establish college of supervisors
Regulation 12 Bank to co-operate closely with other competent authorities responsible forsupervising insurance undertakings and investment undertakings
Regulation 13 Bank to co-operate with other competent authorities in relation to creditinstitutions authorised in other Member States
Regulation 14 Bank to communicate relevant information to other competent authorities
Regulation 15 Verification of information at request of competent authority of another Member State
Regulation 16 Bank to maintain list of financial holding companies
Regulation 17 Management of financial holding companies
Regulation 18 Credit institutions whose parent undertakings are located in third country
Regulation 19 Associated enterprises, etc., to establish and maintain internal reporting,managerial and technological arrangements
Part 3 Enforcement of these Regulations (regs. 20-21)
Regulation 20 Application of certain enactments
Regulation 21 Enforcement of Bank directions
Part 4 Miscellaneous Provisions (regs. 22-28)
Regulation 22 Other laws not to prohibit credit institutions or associates from disclosing certain information to each other
Regulation 23 Privileged communications not required to be disclosed
Regulation 24 Bank not required to license, authorise or supervise person not credit institution
Regulation 25 Bank not to be liable for losses incurred through insolvency or default of persons subject to supervision under these Regulations
Regulation 26 Application of certain enactments, etc., to certain asset management companies
Regulation 27 Revocation of superseded Regulations
Regulation 28 Consequential amendment of Central Bank Act 1942
Schedule 1 Banking Sector Enactments and Regulations
Given under
Explanatory Note
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