Central Bank and Credit Institutions (Resolution) Act 2011

109.

Regulations.

109.— (1) The Minister may make regulations to do anything that appears necessary or expedient—

( a) for bringing this Act into operation, or

( b) for enabling this Act to have full effect in accordance with its purposes.

(2) Where a provision of this Act requires or authorises the Minister or the Bank to make regulations, such regulations—

( a) may make different provision for different circumstances or cases, classes or types, and

( b) may contain such incidental, consequential or transitional provisions as the Minister considers necessary or expedient.

(3) Regulations made under this Act shall be laid before each House of the Oireachtas as soon as may be after they are made and, if a resolution annulling them is passed by either such House within the next 21 days on which that House has sat after the regulations are laid before it, the regulations shall be annulled accordingly but without prejudice to the validity of anything previously done under the regulations.