Credit Institutions (Stabilisation) Act 2010

59.

Proposed orders to be kept in confidence.

59.— (1) A person shall not F59 [ (other than the Minister) ] publish the fact that the Minister proposes to make or has made a proposed direction order, proposed special management order, proposed subordinated liabilities order or proposed transfer order unless required to do so by an enactment.

(2) A person (including a relevant institution) who contravenes subsection (1) commits an offence punishable—

( a) on summary conviction by a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months or both, or

( b) on conviction on indictment by a fine not exceeding €100,000 or imprisonment for a term not exceeding 3 years or both.

(3) It is not a contravention of subsection (1) for a relevant institution to disclose a fact referred to in that subsection for the purposes of obtaining professional advice.

Annotations:

Amendments:

F59

Inserted (28.10.2011) by Central Bank and Credit Institutions (Resolution) Act 2011 (27/2011), s. 110(5) and sch. 2 part 5 item 57, S.I. No. 548 of 2011.