Anglo Irish Bank Corporation Act 2009

13.

Disapplication, etc., of certain provisions of Central Bank Acts.

13.— (1) Subsections (1) and (2) of section 57DF (inserted by the Central Bank and Financial Services Authority of Ireland Act 2004) of the Central Bank Act 1942 (in this section called the “Act of 1942”) do not apply with respect to a regulatory document or a policy document that concerns Anglo Irish Bank.

(2) The Minister may by order re-apply either or both of subsections (1) and (2) of section 57DF of the Act of 1942 in relation to a regulatory document or a policy document that concerns Anglo Irish Bank.

(3) An order under subsection (2) may re-apply either or both of subsections (1) and (2) of section 57DF of the Act of 1942 in relation to—

( a) a particular regulatory document or policy document, or

( b) regulatory documents or policy documents of a particular class.

(4) Notice of the making of an order under subsection (2) shall be published as soon as is practicable in Iris Oifigiúil.

(5) The disapplication of subsections (1) and (2) of section 57DF of the Act of 1942 by subsection (1) does not affect the right of the Regulatory Authority to consult—

( a) the Consultative Consumer Panel pursuant to section 57CY of that Act, or

( b) the Consultative Industry Panel pursuant to section 57DB of that Act.

(6) Section 57DE(3) of the Act of 1942 does not apply with respect to any consultation with the Consultative Consumer Panel or the Consultative Industry Panel that concerns or may concern Anglo Irish Bank during a period when subsections (1) and (2) of section 57DF of that Act were disapplied under subsection (1).

(7) Paragraphs ( b) to ( f) of section 28(1) of the Central Bank Act 1971 do not apply in relation to Anglo Irish Bank or any of its subsidiaries or subsidiary undertakings while the Minister or the Minister’s nominee is a member of it.

(8) In this section, a term also used in Part VIIC (inserted by the Central Bank and Financial Services Authority of Ireland Act 2004) of the Act of 1942 has the same meaning as in that Part.

(9) This section has effect notwithstanding section 2(3) .