European Financial Stability Facility and Euro Area Loan Facility (Amendment) Act 2011


Number 25 of 2011


EUROPEAN FINANCIAL STABILITY FACILITY AND EURO AREA LOAN FACILITY (AMENDMENT) ACT 2011

REVISED

Updated to 30 June 2016


This Revised Act is an administrative consolidation of the European Financial Stability Facility and Euro Area Loan Facility (Amendment) Act 2011 . It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.

All Acts up to and including Criminal Justice (Spent Convictions and Certain Disclosures) Act 2016 (4/2016), enacted 11 February 2016, and all statutory instruments up to and including European Union (Restrictive Measures concerning Libya) (No. 2) Regulations 2016 (S.I. No. 342 of 2016), made 30 June 2016, were considered in the preparation of this Revised Act.

Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to revisedacts@lawreform.ie.


Number 25 of 2011


EUROPEAN FINANCIAL STABILITY FACILITY AND EURO AREA LOAN FACILITY (AMENDMENT) ACT 2011

REVISED

Updated to 30 June 2016


Introduction

This Revised Act presents the text of the Act as it has been amended since enactment, and preserves the format in which it was passed.

Related legislation

This Act is not collectively cited with any other Act.

Annotations

This Revised Act is annotated and includes textual and non-textual amendments, statutory instruments made pursuant to the Act and previous affecting provisions.

An explanation of how to read annotations is available at

www.lawreform.ie/annotations.

Material not updated in this revision

Where other legislation is amended by this Act, those amendments may have been superseded by other amendments in other legislation, or the amended legislation may have been repealed or revoked. This information is not represented in this revision but will be reflected in a revision of the amended legislation if one is available.

Where legislation or a fragment of legislation is referred to in annotations, changes to this legislation or fragment may not be reflected in this revision but will be reflected in a revision of the legislation referred to if one is available.

A list of legislative changes to any Act, and to statutory instruments from 1999, may be found linked from the page of the Act or statutory instrument at

www.irishstatutebook.ie.

Acts which affect or previously affected this revision

Euro Area Loan Facility (Amendment) Act 2013 (1/2013)

Euro Area Loan Facility (Amendment) Act 2012 (6/2012)

All Acts up to and including Criminal Justice (Spent Convictions and Certain Disclosures) Act 2016 (4/2016), enacted 11 February 2016, were considered in the preparation of this revision.

Statutory instruments which affect or previously affected this revision

None

All statutory instruments up to and including European Union (Restrictive Measures concerning Libya) (No. 2) Regulations 2016 (S.I. No. 342 of 2016), made 30 June 2016, were considered in the preparation of this revision.


Number 25 of 2011


EUROPEAN FINANCIAL STABILITY FACILITY AND EURO AREA LOAN FACILITY (AMENDMENT) ACT 2011

REVISED

Updated to 30 June 2016


ARRANGEMENT OF SECTIONS

Section

1. Amendment of European Financial Stability Facility Act 2010.

2. Amendment of Euro Area Loan Facility Act 2010.

3. Short title.

SCHEDULE 1

Amendment to EFSF Framework Agreement

SCHEDULE 2

Amendment to Loan Facility Agreement of June 2011

SCHEDULE 3

Amendment to Loan Facility Agreement of February 2012

SCHEDULE 4

Amendment to Loan Facility Agreement of December 2012



Number 25 of 2011


EUROPEAN FINANCIAL STABILITY FACILITY AND EURO AREA LOAN FACILITY (AMENDMENT) ACT 2011

REVISED

Updated to 30 June 2016


AN ACT TO FURTHER FACILITATE, IN THE PUBLIC INTEREST, THE FINANCIAL STABILITY OF THE EUROPEAN UNION AND THE SAFEGUARDING OF THE FINANCIAL STABILITY OF THE EURO AREA AS A WHOLE AND FOR THOSE PURPOSES—

(A) HAVING REGARD TO THE PARTICIPATION BY THE STATE IN THE EUROPEAN FINANCIAL STABILITY FACILITY, TO ENABLE EFFECT TO BE GIVEN TO THE AMENDMENT TO THE EFSF FRAMEWORK AGREEMENT ENTERED INTO BY CERTAIN MEMBER STATES OF THE EUROPEAN UNION ON THE ONE PART AND THE EUROPEAN FINANCIAL STABILITY FACILITY ON THE OTHER PART,

(B) TO ENABLE EFFECT TO BE GIVEN, IN SO FAR AS IT RELATES TO THE STATE, TO THE AMENDMENT TO THE EUR 80 000 000 000 LOAN FACILITY AGREEMENT DONE IN BRUSSELS ON 14 JUNE 2011 AND IN ATHENS ON 10 JUNE 2011,

(C) TO AMEND THE EURO AREA LOAN FACILITY ACT 2010 AND THE EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010, AND

(D) TO PROVIDE FOR RELATED MATTERS.

[23 rd September, 2011]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: