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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 3 March 2014 - onwards
Version 2 of 2

15. Amendment of section 84 of Act of 2010.

Section 84 of the Act of 2010 is amended -

(a) by the renumbering of the section as subsection (1),

(b) by the insertion, in subsection (1), after the definition of "principal officer" of the following: 

"'subsidiary' has the meaning assigned to it by section 155 of the Companies Act 1963;",

and

(c) by the insertion after subsection (1) of the following subsection:

"(2)

(a) Subject to paragraph (b), in this Chapter a reference to the Minister shall, in a case where the applicant for or the holder of an authorisation is a subsidiary of a credit or financial institution, be construed as a reference to the Central Bank of Ireland.

(b) Paragraph (a) does not apply to -

(i) section 88(5),

(ii) sections 89(5)(b)(ii), 90(3)(b)(ii), 93(6)(b)(ii), 97(6)(b)(ii), 98(2)(b)(ii) and 100(2) in so far as those provisions relate to the specifying of a form by the Minister,

(iii) section 94(3),

(iv) section 101,

(v) section 104(8), (vi) section 106(7).".