Date-stamp loading
Version status: In force | Document consolidation status: No known changes
Version date: 28 March 2001 - onwards
    Version 1 of 1    

1. Authorisation by Minister for Finance of reorganisation of trustee savings banks into companies.

The Trustee Savings Banks Act, 1989, is amended by the substitution for section 57 of the following section:

"57.

(1) In this section, unless the context otherwise requires -

'books' includes ledgers, day books, cash books, account books and other books and records (including electronic records) used in the ordinary business of a bank before the transfer date;

'bank' means a trustee savings bank;

'banking company' means an authorised credit institution (within the meaning of the European Communities (Licensing and Supervision of Credit Institutions) Regulations, 1992 (S.I. No. 395 of 1992)) which is a holding company of the relevant company;

'Central Bank Acts' means Central Bank Acts, 1942 to 1998;

'company', 'reorganisation' and 'reorganised' shall be construed in accordance with subsection (3);

'order' means an order under subsection (2);

'relevant company' means the company into which a bank has been reorganised and, for the purposes of subsections (12), (13) and (14) only, include

Comparing proposed amendment...