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Version status: In force | Document consolidation status: No known changes
Version date: 20 October 2008 - onwards

Article 3 Definitions

In this Scheme,

3.1 "covered institution" means a credit institution or a subsidiary of a credit institution - (a) that stands specified by order by the Minister under section 6(1) of the Act of 2008; and (b) that has joined this Scheme in accordance with paragraph 5 of the Schedule

3.2 "Act of 2008" means Credit Institutions (Financial Support) Act 2008 (No. 18 of 2008);

3.3 "covered liabilities" shall be construed in accordance with paragraph 10 of the Schedule; and; and

3.4 "guarantee acceptance deed" means a deed referred to in paragraph 5 of the Schedule entered into between the Minister and a covered institution and, if required by the Minister pursuant to paragraph 5 of the Schedule, any of the covered institution's subsidiaries or its parent or both.