National Asset Management Agency Act 2009

216.

NAMA, etc., not to be taken to be carrying on banking business, etc.

216.— (1) Except pursuant to the provisions mentioned or referred to in subsection (2) , neither NAMA nor a NAMA group entity shall be taken to be providing a service or carrying on an activity which would require it to be authorised or regulated by the Central Bank.

(2) The provisions referred to in subsection (1) are:

( a) Irish market abuse law, as defined in section 29(1) of the Investment Funds, Companies and Miscellaneous Provisions Act 2005;

( b) Irish prospectus law, as defined in section 38(1) of the Investment Funds, Companies and Miscellaneous Provisions Act 2005;

( c) transparency (regulated markets) law, as defined in section 19(1) of the Investment Funds, Companies and Miscellaneous Provisions Act 2006;

( d) regulations made under section 6A of the Markets in Financial Instruments and Miscellaneous Provisions Act 2007 if in those regulations the Minister declares that those regulations apply for the purposes of this section;

( e) any other provision that the Minister by regulation from time to time declares to apply to NAMA or a NAMA group entity.