1. Irish Financial Services Law
  2. Legislation (IE)
  3. Statutory Instruments
  4. 2011
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  1. European Communities (Electronic Money) Regulations 2011 [S.I. No. 183 of 2011]
  2. Part 2 Requirements for the Taking Up, Pursuit and Prudential Supervision of Business of Electronic Money Institutions (regs. 6-51)
  3. Chapter 8 Restrictions on acquiring and disposing of qualifying holdings in electronic money institutions (regs. 37-51)
  4. Regulation 42 Bank to cooperate with competent authorities of other Member States in certain cases
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 April 2011 - onwards
  Version 2 of 2    

Regulation 42 Bank to cooperate with competent authorities of other Member States in certain cases

(1) In carrying out its assessment of a proposed acquisition, the Bank shall work in full consultation with the relevant competent authorities of other Member States if the proposed acquirer concerned is -

(a) an insurance undertaking, reinsurance undertaking, credit institution, investment firm or UCITS management company, or the market operator of a regulated market, authorised by a competent authority of another Member State,

(b) the parent undertaking of such an undertaking, institution, firm, company or market operator, or

(c) a person that controls such an undertaking, institution, firm, company or market operator.

(2) In paragraph (1) (a) "UCITS management company" and "market operator of a regulated market" respectively have the same meanings as in the European Communities (Markets in Financial Instruments) Regulations 2007.

(3) In a case to which paragraph (1) applies, the Bank shall, without undue delay, provide any other competent authority concerned with any information tha

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