National Asset Management Agency Act 2009

94.

Dealings with bank assets after service of acquisition schedule until date of acquisition.

94.— After the service of an acquisition schedule on a participating institution, until the date of acquisition for each bank asset specified in the acquisition schedule, the participating institution—

(a) shall continue to hold and manage each bank asset concerned in accordance with section 71,

(b) shall not make nor permit the making of any change to the bank asset concerned without NAMA’s written consent, and

(c) shall notify NAMA in writing of any change in the bank asset concerned of which the participating institution is aware.