National Asset Management Agency Act 2009

PART 12

Conduct of Participating Institutions

Annotations:

Amendments:

F23

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(11) and sch. 2 part 11 item 14, S.I. No. 469 of 2010.

Editorial Notes:

E15

Part included in definition of “designated enactments” for purposes of Central Bank Act 1942 (22/1942) by Central Bank Act 1942 (22/1942), s. 2(1) and sch. 2 part 1 item 36, as substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. part 1 items 6 and 82, S.I. No. 469 of 2010.

206.

Directions in relation to conduct of participating institutions.

206.— (1) The F23 [ Central Bank ], may, with the approval of the Minister, give a direction to a participating institution in order to achieve the purposes of this Act, as specified in section 2 .

(2) A direction under subsection (1) may—

( a) restrict balance sheet growth,

( b) restrict the institution’s ability to take over other credit institutions,

( c) require balance sheet reduction, or

( d) restrict or require consolidation and merger of participating institutions.

Annotations:

Amendments:

F23

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(11) and sch. 2 part 11 item 14, S.I. No. 469 of 2010.