Central Bank and Credit Institutions (Resolution) Act 2011

19.

Regulations in relation to bridge-banks.

19.— (1) The Bank, may by regulations make provision in relation to the formation, administration and operation of bridge-banks, including the effective operation of bridge-banks in relation to the exercise of the powers conferred by Part 5 .

(2) Before making a regulation under subsection (1) , the Bank shall consult the Minister and for that purpose shall provide the Minister with a draft of the proposed regulation.

(3) Regulations made by the Bank under this section may contain such incidental, supplementary and consequential provisions as appear to the Bank to be necessary or expedient for the purposes of the regulations.