Central Bank and Credit Institutions (Resolution) Act 2011
Bridge-bank may carry on banking business.
18.— (1) A bridge-bank shall be taken to hold a licence (within the meaning given by section 7(1) of the Act of 1971).
(2) The Bank may exercise all of its powers under the F10 [ supervisory EU legal acts ] (within the meaning given by the Act of 1942) in relation to a bridge-bank.
Substituted (4.11.2014) by European Union (Single Supervisory Mechanism) Regulations 2014 (S.I. No. 495 of 2014), reg. 39.
Previous affecting provision: subs. (2) amended (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 5(1) and sch. 2 part 5 item 2, S.I. No. 287 of 2013; substituted as per F-note above.