Central Bank and Credit Institutions (Resolution) Act 2011

11.

Management and administration of Fund.

11.— (1) The Bank shall manage and administer the Fund.

(2) The Bank shall determine the rate of interest payable from time to time on money standing to the credit of the Fund.

F6 [ (3) Notwithstanding section 10(4) , the Bank shall from time to time pay interest at the rate determined under subsection (2) on monies standing to the credit of the Fund. ]

Annotations:

Amendments:

F6

Inserted (28.10.2011) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), ss. 82(3), in effect as per s. 82(8) and S.I. No. 548 of 2011.