Credit Institutions (Financial Support) Act 2008


Number 18 of 2008


CREDIT INSTITUTIONS (FINANCIAL SUPPORT) ACT 2008

REVISED

Updated to 7 April 2017


This Revised Act is an administrative consolidation of the Credit Institutions (Financial Support) Act 2008. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.

All Acts up to and including Knowledge Development Box (Certification of Inventions) Act 2017 (6/2017), enacted 12 April 2017, and all statutory instruments up to and including European Union Habitats (Blackwater Bank Special Area of Conservation 002953) Regulations 2017 (S.I. No. 149 of 2014), made 7 April 2017, were considered in the preparation of this revision.

Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to

revisedacts@lawreform.ie.


Number 18 of 2008


CREDIT INSTITUTIONS (FINANCIAL SUPPORT) ACT 2008

REVISED

Updated to 7 April 2017


Introduction

This Revised Act presents the text of the Act as it has been amended since enactment, and preserves the format in which it was first passed.

Related legislation

This Act is not collectively cited with any other Act.

Annotations

This Revised Act is annotated and includes textual and non-textual amendments, statutory instruments made pursuant to the Act and previous affecting provisions. A version without annotations, showing only textual amendments, is also available.

An explanation of how to read annotations is available at

www.lawreform.ie/annotations

Material not updated in this revision

Where other legislation is amended by this Act, those amendments may have been superseded by other amendments in other legislation, or the amended legislation may have been repealed or revoked. This information is not represented in this revision but will be reflected in a revision of the amended legislation if one is available.

Where legislation or a fragment of legislation is referred to in annotations, changes to this legislation or fragment may not be reflected in this revision but will be reflected in a revision of the legislation referred to if one is available.

A list of legislative changes to any Act, and to statutory instruments from 1996, may be found linked from the page of the Act or statutory instrument at

www.irishstatutebook.ie.

Acts which affect or previously affected this revision

Central Bank (Supervision and Enforcement) Act 2013 (26/2013)

Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011)

Credit Institutions (Stabilisation) Act 2010 (36/2010)

Central Bank Reform Act 2010 (23/2010)

National Assest Management Agency Act 2009 (34/2009)

Financial Measures (Miscellaneous Provisions) Act 2009 (14/2009)

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 (7/2009)

Anglo Irish Bank Corporation Act 2009 (1/2009)

National Pensions Reserve Fund Act 2000 (33/2000)

Building Societies Act 1989 (17/1989)

All Acts up to and including Knowledge Development Box (Certification of Inventions) Act 2017 (6/2017), enacted 12 April 2017, were considered in the preparation of this revision.

Statutory instruments which affect or previously affected this revision

Credit Institutions (Financial Support) (Financial Support Period) (No. 2) Order 2012 (S.I. No. 521 of 2012)

Credit Institutions (Financial Support) (Financial Support Date) (No. 2) Order 2012 (S.I. No. 520 of 2012)

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2012 (S.I. No. 519 of 2012)

Credit Institutions (Financial Support) (Financial Support Date) Order 2012 (S.I. No. 225 of 2012)

Credit Institutions (Financial Support) (Financial Support Period) Order 2012 (S.I. No. 224 of 2012)

Credit Institutions (Financial Support) (Financial Support Date) (No. 2) Order 2011 (S.I. No. 636 of 2011)

Credit Institutions (Financial Support) (Financial Support Period) (No. 2) Order 2011 (S.I. No. 635 of 2011)

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011 (S.I. No. 634 of 2011)

Credit Institutions (Financial Support) (Financial Support Period) Order 2011 (S.I. No. 257 of 2011)

Credit Institutions (Financial Support) (Financial Support Date) Order 2011 (S.I. No. 256 of 2011)

Credit Institutions (Financial Support) (Financial Support Date) (No. 2) Order 2010 (S.I. No. 548 of 2010)

Credit Institutions (Financial Support) (Financial Support Period) (No. 2) Order 2010 (S.I. No. 547 of 2010)

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) (No. 2) Scheme 2010 (S.I. No. 546 of 2010)

Credit Institutions (Financial Support) (Financial Support Period) Order 2010 (S.I. No. 472 of 2010)

Credit Institutions (Financial Support) (Financial Support Date) Order 2010 (S.I. No. 471 of 2010)

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2010 (S.I. No. 470 of 2010)

Credit Institutions (Financial Support) (Specification of Institutions) Order 2010 (S.I. No. 358 of 2010)

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (S.I. No. 490 of 2009)

Credit Institutions (Financial Support) (Financial Support Period) Order 2009 (S.I. No. 489 of 2009)

Credit Institutions (Financial Support) (Financial Support Date) Order 2009 (S.I. No. 488 of 2009)

Credit Institutions (Financial Support) (Specification of Institutions) (No. 3) Order 2008 (S.I. No. 515 of 2008)

Credit Institutions (Financial Support) (Specification of Institutions) (No. 2) Order 2008 (S.I. No. 425 of 2008)

Credit Institutions (Financial Support) (Specification of Institutions) Order 2008 (S.I. No. 416 of 2008)

Credit Institutions (Financial Support) Scheme 2008 (S.I. No. 411 of 2008)

All statutory instruments up to and including European Union Habitats (Blackwater Bank Special Area of Conservation 002953) Regulations 2017 (S.I. No. 149 of 2017), made 7 April 2017, were considered in the preparation of this revision.


Number 18 of 2008


CREDIT INSTITUTIONS (FINANCIAL SUPPORT) ACT 2008

REVISED

Updated to 7 April 2017




Number 18 of 2008


CREDIT INSTITUTIONS (FINANCIAL SUPPORT) ACT 2008

REVISED

Updated to 7 April 2017


AN ACT TO PROVIDE, IN THE PUBLIC INTEREST, FOR MAINTAINING THE STABILITY OF THE FINANCIAL SYSTEM IN THE STATE AND FOR THAT PURPOSE TO PROVIDE FOR FINANCIAL SUPPORT BY THE MINISTER FOR FINANCE IN RESPECT OF CERTAIN CREDIT INSTITUTIONS, TO AMEND THE COMPETITION ACT 2002 AND OTHER ENACTMENTS, AND TO PROVIDE FOR CONNECTED MATTERS.

[2 nd October, 2008]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Annotations:

Editorial Notes:

E1

Power granted to Minister for Finance to make proposed subordinated liabilities order in relation to subordinated liabilities of relevant institutions to which the Minister has provided or intends to provide financial support under Act and matters to be regarded by Minister in considering whether to make such an order prescribed (21.12.2010) by Credit Institutions (Stabilisation) Act 2010 (36/2010), s. 28, S.I. No. 623 of 2010.